China Stocks Fall After Weak Retail Sales Data
From Barron’s: 2024-12-16 07:18:12
Data released on Monday revealed concerning weaknesses in China’s economy, causing American depositary receipts of top Chinese companies to drop. The iShares MSCI China ETF fell 1.1%, with Alibaba down 1.6%, JD.com down 0.7%, and Baidu down 1%. The slowdown in retail sales growth in November signals a struggling economy, prompting Beijing to consider stronger stimulus measures to boost growth.
Read more at Barron’s: China Stocks Fall After Weak Retail Sales Data