Stock market today: Asian markets lower after Japanese factory activity and China services weaken

  • 📰 AP
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Asian stock markets are mostly lower after Japanese factory activity and Chinese service industry growth weakened. Shanghai, Hong Kong and Seoul declined. Tokyo gained.

Official data showed Japanese factory activity shrank by 2% from the previous month in July. A survey of Chinese service industries showed activity weakened in July but still was expanding.

A monthly index of Chinese service industries declined to 51 from June’s 51.2 on a 100-point scale on which numbers above 50 show activity growing. A separate manufacturing index improved to 49.7 but still showed activity contracting. On Wall Street, the S&P 500 advanced Wednesday to 4,514.87. It is down from this year’s peak in July but still up 17.6% for the first eight months of 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 boosted by Wall Street rise on consumer confidence and jobsAsian shares are trading higher, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings.
Source: AP - 🏆 728. / 51 Read more »

Asian Stock Market: Mixed trading ahead of the key US PCE dataAsian stock markets trade mixed on Thursday as investors await the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferre
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian stocks dip as middling China PMIs offset Fed pause bets By Investing.comAsian stocks dip as middling China PMIs offset Fed pause bets
Source: Investingcom - 🏆 450. / 53 Read more »

Asian Stock Market: Traces S&P 500 Futures to prod two-week high on mixed China, Fed bias, yields dribbleThe risk appetite remains firmer even as momentum traders take a breather during early Wednesday. That said, the market sentiment improved the previou
Source: FXStreetNews - 🏆 14. / 72 Read more »