China's service sector growth slowest in 5 months Activity in China's services sector slowed to its lowest in five months in June, the HSBC/Markit Purchasing Managers' Index (PMI) showed on Friday, suggesting the economy still needs further policy support despite some signs of steadying.
GLOBAL MARKETS-Asia stocks fall, China market rout continues The rout in China's stock markets has wiped out trillions of dollars of market capitalization in Shanghai and Shenzhen's stock markets. Financial spreadbetters expected Britain's FTSE 100 to open down 0.1 percent, Germany's DAX up 0.2 percent, and France's CAC 40 or 0.3 percent higher. "Some of the stocks which have seen bubbly valuations in China have been the...
| By: Saikat Chatterjee
China stocks lead losses in Asia, down 3.25% Mainland stocks extended their dramatic selloff on Friday. Elsewhere in the region, downbeat sentiment prevailed due to a soft U.S. jobs report and Greece's Sunday referendum.
| By: See Kit Tang
UPDATE 1-China to lift ban on entry of miner Vale's mega-ships SHANGHAI, July 3- China said on Friday it will allow 400,000- deadweight tonne ships to dock at its ports, officially ending a more than three-year ban that had effectively shut out Brazilian miner Vale SA's giant vessels. Four domestic ports- Qingdao, Dalian, Tangshan Caofeidian and Ningbo- will be allowed to receive the carriers after they meet technical...
Nikkei drifts lower ahead of Greek vote, Fast Retailing slides *Fast Retailing slides after June drop in Uniqlo sales. TOKYO, July 3- Japan's Nikkei share average drifted lower on Friday as caution ahead of a Greek national vote over the weekend suppressed investors' appetite for risk, with Fast Retailing Co sliding after it reported a drop in domestic sales. Fast Retailing was down 4 percent after it said on Thursday that...
| By: Shinichi Saoshiro
Hong Kong's first-half home sales, prices at record high as Chinese buyers pile back in HONG KONG, July 3- Hong Kong's new home sales jumped to a record high in the first half of the year, driven in part by the return of Chinese investors seeking to park money in million-dollar mansions, underscoring the challenges the government faces in curbing property prices. Despite a series of tightening measures to cool the market, sales jumped 42 percent from a...
Macau casinos stocks up after China visa changes Shares in Macau's casino companies jumped more than 10 per cent on Thursday in a rare relief rally after the semi-autonomous Chinese territory relaxed visa restrictions for visitors from the mainland.
Source: Financial Times
| By: Ben Bland