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Showing posts with the label at The Time for June 04

Asian Markets News, at The Time for June 04, 2013 22:35 E.T by MarketWatch

Asia China service-sector growth remains weak: HSBC LOS ANGELES (MarketWatch) -- China's service-sector growth remained at low levels in May though activity still increased, HSBC reported Wednesday. The bank's China Services Business Activity Index edged up to 51.2 from April's 51.1 but was still "one of the lowest readings in the series history," HSBC said. "Service-sector activities stabilized in May at a relatively low level of growth," said HSBC senior China economist Hongbin Qu, adding that "the improving property market and Beijing's renewed effort on expanding [value-added tax] reform nationwide could lend some support for the service sector's future development." The Shanghai Composite Index added slightly to its losses after the data, trading 0.2% lower, while Hong Kong's Hang Seng Index was down 0.8%.      Australia eco