Renewed Concerns over China Weighed on Financial Marlets

Concerns over China heightened. While the sharp decline in FX reserve intensified worries over capital outflows, disappointing trade data in November further indicated the seriousness in the growth slowdown in this world's second largest economy. Share in Asia fell across the board with Japan's Nikkei 225 Index losing -0.83% and Hong Kong's Hang Seng Index slipping -0.26%, at the time of writing this report.