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7/1, 5:27 AM (Source: TeleTrader)
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Asian stocks dip after economic data release

Major stock market indexes in the Asia Pacific traded mostly lower on Friday as investors reacted to economic data released in the region.

In Japan, the Tokyo consumer price data for June saw the city's inflation decreasing compared to the previous month, while the rate of unemployment for the entire country improved by a mere 0.1 percentage point in May when compared to the result seen in April. Additionally, both China and Japan released their manufacturing PMI figures on Friday, which signaled only a slight improvement in their business activity in June.

In mainland China, the Shanghai Composite decreased by 0.08% at 05:23 am CET, with the Shenzhen Composite flat a minute later. At 5:24 South Korea's Kospi Composite lost 0.94% and Australian S&P/ASX 200 added 0.18% at the same time. Japan's Nikkei 225 fell by 0.88% at 04:35 am CET and Hong Kong's Heng Seng was closed for a market holiday. The dollar went 0.39% down against the yen, going for ¥135.1770 at 05:23 am CET.

Baha Breaking News (BBN) / NL