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Asian Stocks Fall: Led by The Mining Sector and Weak Chinese Data.

Asian Stocks fell on Wednesday for the first time in six days, led by mining companies as a result of low metal prices, in addition to negative Chinese data showed slowing growth in the services sector during the month of June, raising concerns about recovery in the world's second largest economy.

Shares of BHP Billiton Ltd, the largest mining company in the world, decreased to record 3.3 percent. Still, it was down the Rio Tinto Group shares 3.3 percent as a result of the stock exchange index fell for the London Metal LMEX 0.4 percent yesterday. Index of Morgan Stanley Capital International Asia Pacific lost 1.2 percent to 129.97 by 10:54 am in Hong Kong. At this times, investors are awaiting impatiently numbers of jobs in the United States looking for signs of the likely date for the start of the Federal Reserve reduced the bond-buying program.

Chinese data showed slowing growth in the services sector in the month of June to the level of 53.9 compared to the previous reading, which recorded a growth of 54.3, while the index data came in the HSBC Services PMI for the month of June, marking the high level of 51.3 compared with the previous recorded high level of 51.2. Nikkei Index fell for shares of major Japanese companies 0.45% to 14,035.83 points, while the broader TOPIX index fell 0.1% range to 1,171.15 points.

In Australia fell Index S&P/ASX200 by 2.15% to 4,730.10 points, in China SHSZ300 index fell by 1.61% to 2,186.14 points, and SHCOMP index fell 1.32% to 1,979.98 points. And Hang Seng Index fell by 1.87% to 20,272.38 points, and in South Korea KOSPI Index fell 1.29% to 1,831.11 points.

Wednesday, 03 Jul, 2013 / 7:20

Source : https://www.firstbinaryoption.com

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