• Asian Stocks close: most stocks closed lower due to weak China's services sector data

Market news

5 August 2014

Asian Stocks close: most stocks closed lower due to weak China's services sector data

Most Asian stock indices closed lower due to weak China's services sector data. Chinese HSBC services purchasing managers' index dropped to 50.0 in July from 53.1 in June. That was the lowest figure since November 2005.

HTC Corp. shares fell 4.4% after company's July sales declined 33% from a year ago.

Isuzu Motors Ltd. climbed 3.2% after reporting better-than-expected first-quarter net income.

Indexes on the close:

Nikkei 225 15,320.31 -154.19 -1.00%

Hang Seng 24,648.26 +48.18 +0.20%

Shanghai Composite 2,219.95 -3.39 -0.15%

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