Stock market today: Asia sinks after a survey shows China's industrial activity is weakening
Asian stock markets are lower after a survey showed Chinese industrial activity weakening
By JOE McDONALD
Published - Jul 05, 2023, 01:33 AM ET
Last Updated - Jul 05, 2023, 01:38 AM EDT
BEIJING (AP) — Asian stock markets sank Wednesday after a measure of Chinese service industry activity fell to its lowest level this year.
Shanghai, Tokyo, Hong Kong and Sydney retreated. Oil prices were mixed.
U.S. markets were closed Tuesday for a holiday.
A service industry index by a leading Chinese business magazine, Caixin, weakened sharply in June, adding to signs China's recovery following the end of anti-virus controls is cooling. Growth in factory activity also slowed.
