Business

Asian stock markets close lower except for China

Shanghai Stock Exchange rises 1.1% as official figures show growth in manufacturing, services activity

Major Asian stock markets except for China closed Thursday with losses.

The Asia Dow, which includes blue-chip companies in the region, fell 37.5 points, or 1.15%, to 3,208.

Tokyo’s Nikkei 225 stock exchange was the worst performer of the day, down 411.6 points, or 1.54%, to 26,393.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, decreased 137 points, or 0.62%, to 21,860.


China’s Shanghai Stock Exchange, on the other hand, increased 16 points, or 0.5%, to 3,305.


China’s composite purchasing managers’ index (PMI),measuring both manufacturing and services activity, jumped to 54.1 in June from 48.4 a month ago.

The country’s manufacturing PMI rose above the threshold level after contracting for three months in a row, hitting 50.2 in June.

While the Indian Sensex benchmark dropped 23.6 points, or 0.04%, to 53,003, the Singapore index decreased 32.7 points, or 1.04%, to finish at 3,102.

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