Asia markets fall as traders digest Japan pay figures; China returns to trade

Household spending in Japan fell 1.9% year-on-year in August, a softer fall compared to the 2.6% decline expected by a Reuters poll of economists.

SINGAPORE — Asia-Pacific markets mostly fell on Tuesday, with investors watching August pay and spending data out from Japan and as mainland Chinese markets return to trade.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.

stood at 23,169, pointing to a stronger open compared to the HSI's close of 23,099.78. Monday's close was the first time the HSI had retaken the 23,000 mark since February 2022. Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won for the quarter ended Sept. 30. Samsung's revenue for the quarter was expected to hit 81.96 trillion won , according to LSEG estimates.JPMorgan believes U.S. equities currently look stretched after a strong recent rally, which could contribute to both higher concentration risk and potential for momentum reversal.

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