Hong Kong retail sales volume YoY +3.9% in September, versus +2.9% previously.

Guangdong’s consumption expansion plan urges measures to boost household income, refining factor-based distribution to reward skill and knowledge and to give higher pay to more hours, higher-skilled and innovative workers. The province will optimize minimum-wage assessment and regular adjustment mechanisms, implement provincial minimum-wage standards and aim to steadily raise incomes for low-wage workers; it will set up a provincial–city–district three-tier corporate wage survey and disclosure system and promote collective wage bargaining. Authorities will ease the operating environment for SMEs and self-employed firms via lower financing-guarantee fees and tax relief. The plan encourages listed companies to establish normalized dividend mechanisms, directs stronger market-cap management of state-controlled listed companies, and calls for expanded supply of personal pension products.

Israeli military reports a military aircraft crashed in the Beit Shikma area near Ashkelon due to a technical fault; the site caught fire but no injuries were reported.