Asia, Europe, and US Markets Closing Report | Friday, July 1, 2022:
ASIA Source: cnbc.com Japan leads losses in Asia markets; private survey shows China's factory activity expanded Abigail Ng 3-4 minutes SINGAPORE — Asia-Pacific markets reversed earlier gains and fell on the first day of the new quarter as investors digested positive factory activity data from a private survey in China. The Nikkei 225 in Japan fell 1.73% to close at 25,935.62, and the Topix declined 1.38% to1,845.04. Fast Retailing slipped 4%. Sentiment at Japan's large manufacturers worsened in the April-to-June period, according to the Bank of Japan's quarterly tankan business sentiment survey. The headline index for large manufacturers' sentiment came in at 9, a decline from the previous quarter's reading of 14. "The manufacturers right now are facing a number of headwinds ranging from surging input costs to unsteady supply conditions," said Stefan Angrick, senior e