Chinese stocks fell, dragging down broader Asian stocks after weaker-than-expected retail sales data showed the world’s second-largest economy is still struggling to recover.

MSCI’s broadest index of Asian shares erased earlier gains as China’s CSI 300 index fell for a second day. Stocks also fell in Hong Kong and Australia, while they were little changed in Japan. U.S. futures ebbed after the S&P 500 closed almost flat on Friday. A gauge of Asian currencies fell to a two-week low. Bitcoin rose to a new record high.

Retail sales in China rose 3% from a year ago, topping the 5% growth forecast of economists surveyed by Bloomberg. This came after the country's shares fell on Friday amid disappointment when Beijing promised to boost consumption but failed to offer details on fiscal stimulus.