<div id="readability-page-1"><div>The Hang Seng slid 348 points, or 1.3%, to close at 25,629 on Monday, reversing an upsurge from the prior session amid broad-based falls across sectors.Weak Chinese activity data for November hit sentiment, with industrial output growth hitting a 15-month low and retail sales posting their weakest rise in near three years.Tech stocks plunged 2.5%, while consumers slipped 2.1%.The property sector lost 1.6% after bondholders rejected China Vanke’s proposal to delay repayments by one year, reviving default concerns at the state-backed developer and renewing broader worries over the sector’s ongoing stress.Still, losses were capped by a sharp rise in U.S. equity futures ahead of key economic data releases and a busy week of central bank policy meetings.Shares of China Vanke dipped near 3% while other notable laggards included Kuaishou Tech (-4.6%), SMIC (-4.2%), and Xiaomi Corp. (-2.5%).In contrast, CMOC Group rose near 2% after announcing plans to acquire four gold mines in Brazil.</div></div>

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The Hang Seng index fell 1.3% to 25,629, driven by weak Chinese activity data and broad sector declines. Tech stocks dropped 2.5%, consumer stocks 2.1%, and the property sector 1.6% amid concerns over China Vanke's debt. Despite these losses, U.S. equity futures rose, and CMOC Group gained nearly 2% after announcing a Brazilian gold mine acquisition.

Hang Seng Falls 1.3% at Close