Stock market today: Asian shares fall back amid selling of China property shares

Chinese services data came in weaker than expected, dulling hopes for a rebound in China’s lackluster growth. A survey showed business activity in China’s services sector increased at the slowest pace in eight months.

In Seoul, the Kospi lost 0.3% to 2,577.71. Australia’s S&P/ASX 200 was down 0.5% to 7,279.30. Shares also fell in Southeast Asia and Taiwan. The report also showed the unemployment rate rose to 3.8% from 3.5%. That’s the highest level since February 2022, though still low by historical standards.expected at some point in 2023

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Sentiment remains firmer on China, Country Garden newsThe risk appetite improves in Asia during a sluggish start to the week elsewhere as China defends the region’s bulls whereas the US Labor Day holiday
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian stocks rally on easing rate hike fears, China stimulus hopes By Investing.comAsian stocks rally on easing rate hike fears, China stimulus hopes
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks fall as China cheer wears off, inflation fears rise By Investing.comAsian stocks fall as China cheer wears off, inflation fears rise
Source: Investingcom - 🏆 450. / 53 Read more »