Asia markets fall as investors digest private surveys for services activity in Japan, China
Asia-Pacific markets largely fell as investors digest the release of private surveys on services activity from the region.
Services activity in Japan and China remained in expansion territory for the month while the pace of growth softened.
In Japan, the Nikkei 225
fell 0.25% to end its session at 33,338.7 and the Topix slid fractionally to 2,306.03. South Korea’s Kospi also lost 0.55% to 2,579 while the Kosdaq rose 0.13% to 891.18.
Greater China markets fell, with the Shanghai Composite down 0.69% to close at 3,222.95 and the Shenzhen Component lower by 0.91% to 11,029.3. Hong Kong’s Hang Seng index fell 1.6% in its final hour of grade while the Hang Seng Tech index also traded 1.5% lower.
Australia’s S&P/ASX 200
fell 0.35% to close at 7,253.6 after the Reserve Bank of Australia held rates at 4.1% on Tuesday.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| Nikkei 225 Index | *NIKKEI | 33338.7 | -83.82 | -0.25 | |
| Hang Seng Index | *HSI | 19110.38 | -305.3 | -1.57 | |
| S&P/ASX 200 | *ASX 200 | 7253.2 | -25.8 | -0.35 | |
| Shanghai | *SHANGHAI | 3222.95 | -22.4 | -0.69 | |
| KOSPI Index | *KOSPI | 2579 | -14.31 | -0.55 | |
| CNBC 100 ASIA IDX | *CNBC 100 | 8529.45 | -57.66 | -0.67 |
U.S. markets were closed for the Independence Day holiday, but U.S. futures were all lower ahead of Wednesday’s session. Traders will be watching closely for minutes from the Federal Reserve’s June meeting, after Chairman Jerome Powell said last month to expect more rate hikes ahead.
Futures for the Dow Jones Industrial Average were down 0.11, while S&P 500 and Nasdaq Composite futures declined 0.9% and 0.17% respectively.
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