China smartphone shipments (Y/Y): Dec -29.4%, FY25 -3.3%, via CAICT
Newsquawk Staff ·
China smartphone shipments (Y/Y): Dec -29.4%, FY25 -3.3%, via CAICT.
What it means
The significant year-on-year decline of 29.4% in December smartphone shipments from China indicates a sharp contraction in consumer demand that could signal ongoing economic challenges. The annual reduction of 3.3% for FY25 reinforces concerns about the broader tech sector's outlook and might prompt traders to reassess growth projections and their impact on related markets such as consumer electronics and retail. This data could also influence investor sentiment towards Chinese equities and broader Asian markets going forward.
- China's Auto Industry Body CPCA says Tesla (TSLA) sold 67,829 China-made vehicles in Oct (prev. 95,366 M/M)
- PBoC pledges to enhance stock market support measures by expanding participation in its swap facility for securities firms, funds and insurers, moderately lowering swap fees and conducting operations when appropriate
- China proposes easing FX rules for current account transactions
- Japan's Chief Cabinet Secretary Kihara says JPY 1.1tln of reserve funds is to support fuel price measures
- Japanese PM Takaichi says they will be commencing electricity and gas support measures from December, until February
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