15.12.202502:47:58UTC+00China Stocks Slip on Weak Economic Data

Mainland Chinese stocks faced a downturn on Monday, as the Shanghai Composite Index slipped by 0.4% to approximately 13,200, while the Shenzhen Component Index decreased by 0.6% to 25,800. This decline in performance was primarily driven by disappointing economic data that negatively impacted investor confidence. November’s economic indicators revealed that both retail sales growth and industrial production fell short of analysts' expectations, and there was a larger-than-expected decline in fixed asset investment. Furthermore, new home prices decreased for the 29th consecutive month, exacerbating concerns about the real estate sector.

In corporate news, shares of China Vanke Co decreased by 2% following the rejection by bondholders of its proposal to postpone a bond payment due on Monday by one year. Among the most affected sectors were technology and new energy, with notable losses coming from companies such as Victory Giant (-4.6%), Suzhou Dongshan Precision (-4.4%), Foxconn Industrial (-2.8%), TBEA Co (-1.3%), and Sungrow Power (-3.2%).