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According to Japan's Kyodo News, Uniqlo announced that it will raise the average selling price of its products by about 4% due to rising raw material costs and the depreciation of the yen.
The Hang Seng Index (HSI) opened down 196.78 points, or 0.81%, at 23,990.05 on Tuesday, October 20th; the Hang Seng Tech Index opened down 52.72 points, or 1.28%, at 4,055.52; the Hang Seng China Enterprises Index opened down 49.73 points, or 0.61%, at 8,078.52; and the Hang Seng Red Chip Index opened down 14.65 points, or 0.36%, at 4,042.85.
Japanese Finance Minister Satsuki Katayama: The government is discussing the defense budget.
Japanese Finance Minister Satsuki Katayama: While focusing on fiscal sustainability, we will consider taking measures to ensure a stable source of funding.
Japanese Finance Minister Satsuki Katayama: No decision has yet been made regarding how to fund the anticipated increase in defense spending.
The NI225 index fell below 64,000 points, down 1.42% on the day.

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