US personal savings hit lowest level in three years.

US personal savings hit lowest level in three years. The savings rate dropped to 3.6% in December as consumers exhaust pandemic-era reserves to cover rising housing and healthcare costs while income growth lags spending. Meanwhile, Asia markets show divergent momentum. China's Lunar New Year retail sales surged 8.6%, signaling potential government stimulus acceleration through consumer vouchers and trade-in subsidies. Thailand's SET Index gained 1.3% on manufacturing optimism and a surprise rate cut. However, tech valuations face headwinds as Piper Sandler cut Snowflake to $230 and Baird lowered Sarepta to $20. Agricultural markets split with soybeans rising on Chinese demand while wheat weakens amid improving global weather conditions.