周一，恒生指数下跌176点，跌幅0.9%，收于19795点，为12月6日以来的第二个交易日收跌。中国零售业的意外放缓拖累了市场情绪，突显了经济的持续挣扎。与此同时，中国统计局表示，在全球形势严峻的情况下，国内需求仍然疲软。受科技、房地产和消费者拖累，所有行业均下跌。尽管如此，美国期货价格小幅上涨限制了经济衰退，市场正在等待美联储本周的利率决定。尽管最近通货膨胀率上升，但预计央行将再次降息25个基点。与此同时，一位中国央行官员周六表示，央行明年有进一步下调存款准备金率的空间。在财政方面，北京将取消2025年的预算赤字，允许更多的政府债券发行。跌幅较大的股票包括龙湖集团（-4.9%）、商汤科技集团（-4.5%）、SITC国际（-3.4%）和半导体制造（-2.5%）。

The Hang Seng fell 176 points or 0.9% to end at 19,795 on Monday, ending lower for the second session to hit its lowest level since Dec.6. An unexpected slowdown in China's retail trade burdened sentiment, highlighting the ongoing struggles of the economy. Meanwhile, China's statistics agency said domestic demand remains weak amid challenging global conditions. All sectors dipped, dragged by tech, property, and consumers. Still, the slump was capped by a modest rise in US futures, with markets awaiting the Fed's interest rate decision this week. The central bank is expected to deliver another 25bps rate cut despite the recent uptick in inflation. Meantime, a PBoC official said Saturday the central bank saw room to trim further the RRR next year. On the fiscal front, Beijing will lift the 2025 budget deficit to allow more issuance of government bonds. Notable losing stocks included Longfor Group (-4.9%), SenseTime Group (-4.5%), SITC Intl. (-3.4%), and Semicon Manufacturing (-2.5%).