Home Business Private survey shows slower Chinese services activity growth in May

Private survey shows slower Chinese services activity growth in May

SINGAPORE — Shares in Asia-Pacific rose in Thursday morning trade, ahead of data releases in Australia and China.

In Japan, the Nikkei 225 gained 0.23% while the Topix index advanced 0.38%. South Korea’s Kospi edged 0.33% higher.

Shares in Australia also rose, with the S&P/ASX 200 climbing 0.15%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded about 0.1% higher.

On the economic data front, Australia’s retail sales data for April is expected at 9:30 a.m. HK/SIN on Thursday.

Looking ahead, a private survey on China’s services activity for May is set to be out on Thursday, with the Caixin/Markit services Purchasing Managers’ Index expected at 9:45 a.m. HK/SIN on Thursday.

Stocks on Wall Street edged higher overnight stateside. The Dow Jones Industrial Average eked a 25.07 point gain to 34,600.38 while the S&P 500 climbed 0.14% to 4,208.12. The Nasdaq Composite rose 0.14% to 13,756.33.

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