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Economic Headwinds Weigh Down China Shares; CATL Falls 6%

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Chinese equities closed lower on Tuesday, weighed down by fresh economic data that painted a challenging picture of the country's economy.

The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.5% to 3,864.28. The Shenzhen Component Index fell 0.7% to 13,287.97.

Property investments in China fell 19.9% year over year during the first eight months of the year, according to data released Tuesday. The decline accelerated from the 19.2% drop recorded in the seven months ended July.

Retail sales of consumer goods grew 0.4% year over year to 3.982 trillion yuan in August. The pace of growth was softer than the 0.6% expansion recorded in the previous month and fell short of the consensus forecast of 0.7% growth tracked by Investing.com.

Separately, China's outstanding yuan loans grew 4.9% year over year to 282.35 trillion yuan as of the end of August. The growth rate slowed from July's 5.1% expansion to a record low, falling short of the 5.1% increase forecast by Investing.com.

In company news, Contemporary Amperex Technology (SHE:300750) or CATL obtained the approval of China's State Administration for Market Regulation to acquire an undisclosed stake in Chongqing Yaoning New Energy Technology. Shares of the battery maker closed 6% lower Tuesday.

What else is happening in Asia?

Asia

GenFleet Presents Updated Lung Cancer Therapy Data at Korean Medical Conference

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HKG:2595
Asia

White Cliff Minerals Says Gina Rinehart's Hancock Prospecting to Take 13.5% Stake With Nearly AU$9 Million Investment

White Cliff Minerals (ASX:WCN) said Hancock Prospecting agreed to acquire a 13.5% stake in the company through the purchase of about 515.8 million new shares at AU$0.017 each, representing a total investment of roughly AU$8.8 million, according to a Tuesday filing with the Australian bourse.Mining magnate Gina Rinehart is the executive chair of Hancock Prospecting.The private placement is subject to shareholder approval, which White Cliff Minerals will seek at an extraordinary general meeting planned for Oct. 19.If approval is obtained, the completion of the placement is expected three business days after the meeting, per the filing.White Cliff Minerals said it will use the proceeds to expand and fast-track drilling and exploration activities at its Rae copper project in Canada.

ASX:WCN
Asia

Wafangdian Bearing Seeks Delisting As Public Float Falls Below 10%

Wafangdian Bearing (SHE:200706) is looking to terminate its stock listing in Shenzhen following a tender offer, according to a Tuesday filing with the Shenzhen bourse.Up to 1,459 shareholders accepted the tender offer as of Feb. 27, 2026, the bearing manufacturer said in its filing.Following the tender offer, the public float fell to below 10%, falling short of the minimum float required to remain listed, Wafangdian said.

SHE:200706