![](https://i.imgur.com/CLvY2jA.png")
08-10-2024, 10:32 AM
Hong Kong’s Hang Seng index plummeted over 6% in the morning. 🤣🤣🤣🤣🤣
Other Asia-Pacific markets mostly fell on Tuesday, with investors watching August pay and spending data out from Japan.
Household spending in Japan fell 1.9% year-on-year in August in real terms, a softer fall compared to the 2.6% decline expected by a Reuters poll of economists.
The drop is the fastest pace of decline since January, which saw a 6.3% fall year-on-year. That decline also came before spring wage negotiations delivered the largest pay hikes to unionized Japanese workers in 33 years.
Other Asia-Pacific markets mostly fell on Tuesday, with investors watching August pay and spending data out from Japan.
Household spending in Japan fell 1.9% year-on-year in August in real terms, a softer fall compared to the 2.6% decline expected by a Reuters poll of economists.
The drop is the fastest pace of decline since January, which saw a 6.3% fall year-on-year. That decline also came before spring wage negotiations delivered the largest pay hikes to unionized Japanese workers in 33 years.
