China stocks slump on first trading day of 2025

Shares off to weakest start since 2016 after factory data disappoints

2024-11-09T112736Z_1237472704_RC2MDAARPL3N_RTRMADP_3_TRAVEL-CM-SHANGHAI.JPG

A view of Shanghai's Pudong financial district. The Shanghai Composite Index fell 2.7% on the first trading day of 2025. © Reuters

SHANGHAI (Reuters) -- China stocks ended sharply lower on the first trading session of 2025, logging their weakest New Year start since 2016, as factory data disappointed investors who are also waiting for more policy support. Hong Kong shares also fell.

China's blue-chip CSI 300 Index closed down 2.9%, while the Shanghai Composite Index plunged 2.7%. Hong Kong benchmark Hang Seng was down 2.2%.

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