China, Hong Kong stocks drop after Wall Street tumble, weak economic data

Nov 14, 2025, 11:25 GMT+7
Reuters - China and Hong Kong stocks dropped on Friday as an overnight tumble on Wall Street and China's weak economic data soured sentiment.
** Investors also bit their nails over the fate of China's top securities regulator, after sources told Reuters that Wu Qing, chairman of the China Securities Regulatory Commission,has sought approval to step down.
** China's blue-chip CSI300 Indexfell 0.8% by the midday break, while the Shanghai Composite Indexlost 0.2%, softening from 10-year highs hit on Thursday. Hong Kong benchmark Hang Sengwas down 1.3%.
** Tech shares,led the decline, following a Wall Street sell-off in Nvidia and other artificial intelligence heavyweights that was partly triggered by reduced odds of a December U.S. rate cut.
** Mood was further darkened by data showing China's economic recovery is losing momentum.
** China's factory output and retail sales grew at their weakest pace in over a year in October, while new home prices fell at the fastest monthly pace in 12 months. It follows Thursday's release of dismal credit data.
** "The drop of fixed asset investment is quite fast. It reflects the weak property sector investment as well as lackluster infrastructure investment," said Zhang Zhiwei, President and Chief Economist at Pinpoint Asset Management. "Nonetheless China is on track to achieve the growth target of 5%, so I don't expect stimulus to happen in the rest of this year."
** Morgan Stanley's China equity strategists said in a note that sentiment is subdued and "we expect current momentum to hold rather than break into new highs, with moderate earnings growth and limited valuation upside."
** In China, chip-making,consumer electronics and AIare among the worst performers.
** The biggest losers in Hong Kong include media, Internet (.HSIII) and consumer stocks.

Sumber : Reuters