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Asia markets mixed as China manufacturing contracts again, Japan business confidence at 2-year high

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Investors in Asia are coming off a positive inflation report in the U.S. last week, and will assess business data from the region.

S&P Global purchasing managers' index readings will be out for several Asian economies, including China, Japan and South Korea.

Asia-Pacific markets started the second half of the year mixed as investors assessed official June business activity data from China and Japan's business confidence readings.on the weekend, with its manufacturing PMI coming in at 49.5, unchanged from May and marking its second straight month in contraction territory.improved in the second quarter to a two-month high, with the Tankan survey at +13 compared to +11 in the first quarter. Economists polled by Reuters expected a +12 reading.

 

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