Chinese stock-index futures slumped amid speculation increased regulatory scrutiny of margin loans will spur some leveraged investors to reduce holdings.
SGX FTSE China A50 Index futures for January delivery dropped as much as 5.2 percent before paring losses to 2 percent at 11:41 p.m. in Singapore.
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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