China's Economic Growth Data Causes Stock Market Slump

China's disappointing economic growth data and the CSI300 Index near five-year lows have negatively impacted China's and Hong Kong's stock markets. The Shanghai Composite Index fell due to 5.2% Q4 growth, missing analysts' expectations, while Hong Kong's Hang Seng Index declined by nearly 3% to its weakest level in 14 months, primarily influenced by property and tech shares. The decline in China's December new home prices added to investor concerns.