{"id":56668,"date":"2025-11-30T02:08:36","date_gmt":"2025-11-30T06:08:36","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/"},"modified":"2025-11-30T02:08:36","modified_gmt":"2025-11-30T06:08:36","slug":"global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/","title":{"rendered":"Global Markets Brace as China&#8217;s Economy Slows, Coupang Faces Massive Data Breach, and Geopolitical Tensions Escalate"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Key_Takeaways\" >Key Takeaways<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Chinas_Economic_Slowdown_Deepens\" >China&#39;s Economic Slowdown Deepens<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Coupang_Suffers_Massive_Data_Breach\" >Coupang Suffers Massive Data Breach<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Japan-China_Tensions_Impact_Aviation_and_Trade\" >Japan-China Tensions Impact Aviation and Trade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Italys_Treasury_Defends_Monte_dei_Paschi_Amid_Probe\" >Italy&#39;s Treasury Defends Monte dei Paschi Amid Probe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Hong_Kong_Equity_Markets_Show_Resilience\" >Hong Kong Equity Markets Show Resilience<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#US_Halts_Visa_Processing_for_Afghan_Nationals\" >US Halts Visa Processing for Afghan Nationals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-brace-as-chinas-economy-slows-coupang-faces-massive-data-breach-and-geopolitical-tensions-escalate\/56668\/#Other_Notable_Developments\" >Other Notable Developments<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>China&#39;s economic activity significantly weakened in November<\/strong>, with both manufacturing and services sectors contracting, signaling a deepening slowdown that could impact global growth.<\/li>\n<li>South Korean e-commerce giant <strong>Coupang (<a href=\"\/stock\/CPNG\">CPNG<\/a>) revealed a data leak affecting 33.7 million customer accounts<\/strong>, prompting a major investigation into what could be the country&#39;s largest hack.<\/li>\n<li>Escalating <strong>geopolitical tensions between Japan and China<\/strong> have led to the cancellation of the only direct flight between Ibaraki Airport and China, impacting regional economies and tourism.<\/li>\n<li><strong>Italy&#39;s Treasury is defending its actions<\/strong> amidst a judicial probe into bailed-out bank Monte dei Paschi di Siena, raising concerns about European banking stability.<\/li>\n<li>The <strong>U.S. State Department has halted visa processing for all Afghan nationals<\/strong>, including allies, citing national security concerns following a recent shooting incident.<\/li>\n<\/ul>\n<p>Global financial markets are closely monitoring a confluence of significant economic and geopolitical developments as November draws to a close. China&#39;s economic engine is sputtering, a major data breach has hit South Korea&#39;s e-commerce leader, and escalating international tensions are disrupting trade and immigration.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Chinas_Economic_Slowdown_Deepens\"><\/span>China&#39;s Economic Slowdown Deepens<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>China&#39;s economy showed further signs of weakness in November, with both its manufacturing and services sectors contracting. The official manufacturing Purchasing Managers&#39; Index (PMI) registered 49.2, marking the eighth consecutive month of contraction and remaining below the critical 50-point threshold that separates growth from shrinkage. Simultaneously, the non-manufacturing PMI, which covers services and construction, fell to 49.5, indicating its first contraction in nearly three years. This persistent slump, driven by a prolonged real estate crisis, fierce domestic price competition, and global trade turbulence, suggests that the world&#39;s second-largest economy faces significant headwinds, potentially impacting global supply chains and commodity markets. Economists note that policymakers appear to be delaying further support measures despite the deepening slowdown.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Coupang_Suffers_Massive_Data_Breach\"><\/span>Coupang Suffers Massive Data Breach<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>South Korean e-commerce giant <strong>Coupang (<a href=\"\/stock\/CPNG\">CPNG<\/a>)<\/strong> is facing a widespread cybersecurity crisis after confirming that personal information from approximately <strong>33.7 million customer accounts<\/strong> was exposed through unauthorized data access. This incident, potentially the widest hack in South Korea&#39;s history, was initially detected on November 18, but unauthorized access through overseas servers is believed to have begun as early as June 24. The compromised data includes names, email addresses, phone numbers, shipping addresses, and certain order histories, though <strong>Coupang<\/strong> has stated that payment details and login credentials remain secure. South Korean authorities have launched a joint investigation, with suspicions of insider involvement from a former Chinese national employee. The scale of the breach has raised significant concerns about cybersecurity risks in the country, with potential penalties for <strong>Coupang<\/strong> possibly exceeding previous record fines.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Japan-China_Tensions_Impact_Aviation_and_Trade\"><\/span>Japan-China Tensions Impact Aviation and Trade<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Escalating geopolitical tensions between Tokyo and Beijing, primarily fueled by Japanese Prime Minister Sanae Takaichi&#39;s remarks on Taiwan, have begun to manifest in economic repercussions. Ibaraki Airport, northeast of Tokyo, has lost its only remaining direct flight with China, a Spring Airlines route from Shanghai Pudong. This cancellation is part of a broader trend, as Chinese airlines reduce services to Japan under state directives, impacting tourism and local businesses across several regional airports. Chinese authorities have also issued travel warnings to their citizens regarding Japan, leading to a significant drop in Chinese tourist bookings and affecting Japan&#39;s tourism-dependent service sectors. Analysts warn that if the diplomatic spat continues, it could lead to further economic damage for both countries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Italys_Treasury_Defends_Monte_dei_Paschi_Amid_Probe\"><\/span>Italy&#39;s Treasury Defends Monte dei Paschi Amid Probe<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In Europe, Italy&#39;s Treasury is actively defending its actions regarding the bailed-out bank Monte dei Paschi di Siena (<a href=\"\/stock\/MPS\">MPS<\/a>), which is now facing a judicial probe. The investigation centers on the placement of <strong>Monte dei Paschi<\/strong> shares with two key investors, raising questions about the legality and transparency of the transactions. This scrutiny comes as the bank continues its complex restructuring process, and the ongoing inquiry could impact investor confidence in the Italian banking sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Hong_Kong_Equity_Markets_Show_Resilience\"><\/span>Hong Kong Equity Markets Show Resilience<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite broader regional uncertainties, Hong Kong&#39;s equity capital markets have demonstrated robust activity. <strong>Morgan Stanley (<a href=\"\/stock\/MS\">MS<\/a>)<\/strong> and <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> are noted as key players in Hong Kong equity deals, reflecting a strong rebound in the city&#39;s IPO market. Hong Kong ranked first globally in IPO funds raised for the first half of 2025, with proceeds reaching US$14.1 billion, a significant increase from the previous year. The market is buoyed by improved investor sentiment, a steady stream of companies seeking listings, and supportive policies, with expectations for continued vibrancy into 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"US_Halts_Visa_Processing_for_Afghan_Nationals\"><\/span>US Halts Visa Processing for Afghan Nationals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The U.S. State Department has announced an immediate halt to processing all visa applications for Afghan nationals, including those under the Special Immigrant Visa (SIV) program designed for Afghan allies. This decision follows a shooting incident in Washington D.C. involving an Afghan national, prompting the Trump administration to review security and vetting protocols. Secretary of State Marco Rubio stated that the move prioritizes national security and public safety. The suspension impacts thousands of Afghans awaiting resettlement and has been described by volunteer groups as part of a broader effort to bar Afghans from entering the U.S.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Other_Notable_Developments\"><\/span>Other Notable Developments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In U.S. politics, Representative Troy Nehls, a prominent Trump ally, has announced he will not seek re-election in 2026, with his twin brother, Trever Nehls, immediately launching a campaign to replace him in Texas&#39;s 22nd Congressional District. Meanwhile, Delta Flight 5087 slid off the runway at Des Moines International Airport during a winter storm, though fortunately, no injuries were reported in the incident.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways China&#39;s economic activity significantly weakened in November, with both manufacturing and services sectors contracting, signaling a deepening slowdown 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