China Stocks Dip on Mixed Data
2025-05-19 02:45
By
Joshua Ferrer
1 min. read
The Shanghai Composite fell 0.3% to below 3,360, while the Shenzhen Component dropped 0.6% to around 10,120 on Monday, marking a third consecutive session of losses for mainland equities as investors digested a batch of economic data.
April’s retail sales growth slowed and fell short of expectations, reinforcing concerns over weak consumer demand.
Meanwhile, industrial output beat forecasts but slowed from March’s pace.
Fixed-asset investment came in slightly below estimates, while the unemployment rate edged down, offering a modest sign of labor market stability.
Markets also turned cautious as China described recent trade talks with the US as “good,” but remained vague on future steps, while Trump hinted at a possible call with President Xi.
Investors now turn their attention to upcoming PBOC decisions on key lending rates, including the one-year and five-year loan prime rates.
Notable decliners included Kweichow Moutai (-2.4%), BYD Company (-2.5%), and Foxconn Industrial (-2.4%).