Asian markets dropped due to weak Chinese retail sales data and South Korea's president was impeached.

Asian markets fell on Monday as Chinese retail sales grew only 3.0% in November, below expectations. The weak data added to concerns about China's economy. Investors also looked ahead to monetary policy decisions from the US Federal Reserve and the Bank of Japan. In South Korea, President Yoon Suk Yeol was impeached, though economic impacts are expected to be limited.

December 16, 2024
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