Traders in Asia are awaiting June business activity data from India, Japan and China set for release today.Asia-Pacific markets opened higher on Wednesday, after U.S. Federal Reserve Chair Jerome Powell noted there was progress on reining in inflation, while investors awaited a slew of data from the region.Traders in Asia will assess June business activity data from India and China, set for release later in the day.that the Japan's composite purchasing managers' index fell to 49.
7 in June, down sharply from 52.6 a month prior. This signals a decrease of activity in the Japanese private sector for the first time in seven months.The bank noted that a slight reduction in services activity, the first decline since August 2022, outweighed a marginal increase in manufacturing output for the month.Tesla shares helped lift the S&P 500 after Elon Musk's electric vehicle company beat expected deliveries for the second quarter.