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Asia-Pacific Markets Tumble Amid Japan's Spending Decline

1/10/2025

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Summary

Story summary

Asia-Pacific markets fell on Friday, driven by a 0.4% year-on-year decline in Japan's household spending for November.
The People's Bank of China halted treasury bond purchases due to a short supply issue.
Fast Retailing's shares dropped nearly 8%, despite profit increases, contributing to a 1.05% decline in Japan's Nikkei 225 index.
Sunac China shares plummeted nearly 30% after a winding-up petition was filed.

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Story summary

Asia-Pacific markets fell on Friday, driven by a 0.4% year-on-year decline in Japan's household spending for November.
The People's Bank of China halted treasury bond purchases due to a short supply issue.
Fast Retailing's shares dropped nearly 8%, despite profit increases, contributing to a 1.05% decline in Japan's Nikkei 225 index.
Sunac China shares plummeted nearly 30% after a winding-up petition was filed.