Asia markets were mixed on Tuesday, likely taking cues from European equities, which slid Monday on renewed Brexit concerns. In Japan, the Nikkei 225 dropped 0.80 percent in morning trade. In Hong Kong, the HSI was down 0.82 percent. Chinese mainland markets bucked the trend, with the Shanghaicomposite higher by 0.57 percent and the Shenzhen composite adding 0.27 percent.
A private survey of small and medium companies in China showed activity in the services sector grew at a quicker pace in June. The Caixin Purchasing Managers’ Index for June was at 52.7, compared with 51.2 in May, marking the fastest increase in 11 months. Levels above 50 indicate expansion.
European stocks finished lower on Monday, with the U.K.’s benchmarkFTSE 100 off 0.8 percent. Markets in the U.S. were closed Monday for the Independence Day public holiday. In the U.K., the ramifications of the country’s vote to quit the European Union (EU) continued to sink in.
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