{"id":346423,"date":"2025-12-15T09:12:12","date_gmt":"2025-12-15T09:12:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/346423\/"},"modified":"2025-12-15T09:12:12","modified_gmt":"2025-12-15T09:12:12","slug":"hong-kong-stocks-slide-after-chinas-economic-data-shows-growth-running-out-of-steam","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/346423\/","title":{"rendered":"Hong Kong stocks slide after China\u2019s economic data shows growth running out of steam"},"content":{"rendered":"<p>Hong Kong <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/markets?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">stocks<\/a> fell by the most in three weeks on Monday after key economic data showed China\u2019s slowdown extended into November, keeping investors on edge over the sustainability of a nearly 30 per cent market rally this year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Hang Seng Index closed 1.3 per cent lower at 25,628.88, its steepest drop since November 21. The Hang Seng Tech Index slumped 2.5 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both lost 0.6 per cent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Drug makers led the declines as Hansoh Pharmaceutical Group slumped 7.6 per cent to HK$39.74 and Innovent Biologics tumbled 4.1 per cent to HK$81.75. Chinese search engine operator Baidu slid 5.8 per cent to HK$118.70 and short-video platform operator Kuaishou Technology declined 4.5 per cent to HK$64.45. Alibaba Group Holding fell 3.6 per cent to HK$148.60.<\/p>\n<p>On the upside, Ping An Insurance Group advanced 2.4 per cent to HK$65.25 following a Morgan Stanley note that said the market was underestimating the insurer\u2019s growth and profit potential. Hang Seng Bank rose 0.3 per cent to HK$153.50 as its shareholders are set to vote on a US$14 billion plan by parent HSBC Holdings to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3336429\/hang-seng-bank-shareholders-vote-hsbc-buyout-proposal-january-8?module=top_story&amp;pgtype=section?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">privatise the lender<\/a> on January 8.<img decoding=\"async\" alt=\"Workers assemble transformers at Hebei Gaojing Electrical Equipment\u2019s factory in Handan, north China\u2019s Hebei province. Photo: CFOTO\/Future Publishing via Getty Images\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/12\/0483afcb-c8b7-4845-9c1b-21d0a0e81b0a_a05b0617.jpg\" title=\"Workers assemble transformers at Hebei Gaojing Electrical Equipment\u2019s factory in Handan, north China\u2019s Hebei province. Photo: CFOTO\/Future Publishing via Getty Images\"\/>Workers assemble transformers at Hebei Gaojing Electrical Equipment\u2019s factory in Handan, north China\u2019s Hebei province. Photo: CFOTO\/Future Publishing via Getty Images<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s retail sales rose 1.3 per cent from a year ago in November, data from the National Bureau of Statistics showed. That was the weakest pace since December 2022, when China lifted all Covid-19-related restrictions. The figure also trailed a consensus estimate for a 2.9 per cent increase.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Industrial production climbed 4.8 per cent last month, while fixed-asset investment contracted 2.6 per cent in the January-to-November period. Both figures fell short of projections. A separate report by the bureau showed that the decline in home prices continued apace last month.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong stocks fell by the most in three weeks on Monday after key economic data showed China\u2019s&hellip;\n","protected":false},"author":2,"featured_media":346424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,25517,25519,46,12918,25518,25520],"class_list":{"0":"post-346423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-china-stocks","12":"tag-csi-300-index","13":"tag-economy","14":"tag-hang-seng-index","15":"tag-hong-kong-stocks","16":"tag-shanghai-composite-index"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/346423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=346423"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/346423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/346424"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=346423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=346423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=346423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}