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

A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Sept. 5, 2023, in Tokyo. U.S. futures also were lower and oil prices were mixed.

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

Business Business Latest News, Business Business Headlines

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

Stock market today: Asian shares fall back amid selling of China property sharesShares have slipped in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed.
Source: AP - 🏆 728. / 51 Read more »

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 »