China
Spending in China by overseas UnionPay cardholders surged over 40 percent year on year during the National Day holiday, according to data released by China UnionPay on Saturday.
From Oct 1 to 7, cardholders from Southeast Asia and Central Asia drove a particularly sharp increase, with spending jumping 75 percent.
Among all consumption sectors, food delivery and transportation recorded the fastest growth.
UnionPay reports 40 pct surge in overseas cardholder spending during holiday
The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 2.51 percent lower at 1,683.3 points on Monday.
The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 2.1 percent lower at 1,426.72 points.
The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.
China's STAR Composite Index closes lower Monday
