Asian stock markets were mostly lower Tuesday, despite the optimistic report on the U.S. services sector, is the world's largest economy, a key growth driver.
Confidence in the dim, even for Supply Management said, in July to expand the U.S. service sector activity in five months at the fastest pace. Its index rose from 52.2 in June to 56 points, its highest level since February, higher than market expectations. Any reading over 50 indicates expansion and the higher the number, the stronger growth.
Echoing the surge in July manufacturing survey results, but there is not enough job growth, remain sluggish overcome jitter. Analysts said that the most important is that the factory's production could fall back position, since last month's report also showed that the backlog of orders decreased.
"As employment continues to expand, albeit at a slower, contract backlog, there is still cause side cautious optimism, saying:" Sterne Agee analyst comments in one of Lindsey Piegza.
Japan's Nikkei 225 index was essentially flat at 14,257.18. South Korea's Kospi index fell 0.6 percent to 1,904.02 points. Australia's S & P / ASX 200 index fell 0.2 percent to 5,098.50 points. Benchmark Singapore, China Taiwan, New Zealand and the Philippines also fell. Chinese mainland stocks were mixed.
Hong Kong's Hang Seng Index fell 1.6 percent, to 21,872.03 points, HSBC Holdings fell 4.7 percent, a day after the bank reported weaker-than-expected revenue in the first half drag.
TSCL Jackson Wong, vice president, said: "The market expected too much, earnings came up a little short. Worried international banking also dragged down the entire industry, which gave the market an excuse to take a breather," in Hong Kong. "In the first half of the market conditions are very difficult."
Other banking giant fell in Hong Kong. Industrial and Commercial Bank of China, the world's largest banking market, down 1.6%. China Construction Bank fell 1.9%.
China cochlear hearing implant manufacturers rose 1.6 percent, its net profit in the 2012-13 financial year more than doubled to $ 133 million. Sony Corp. fell 5.1 percent in Tokyo after U.S. hedge fund rejected a proposal to sell its entertainment business part of it.
Investors also showed cautious as they try to determine the U.S. Federal Reserve may be ready to control its monetary stimulus programs.
Economists expect the Fed will begin in September or October cut its $ 8.5 billion U.S. dollars monthly bond purchases. The Fed has been pumping money into the U.S. economy more than four years of effort to maintain low interest rates and help increase lending. The program has been seeking higher returns, investors have fled stocks, is a boon.
Last Monday on Wall Street, the Dow Jones index fell 0.3 percent, to 15,612.13. S & P 500 index fell 0.2% to 1,707.14 points. The Nasdaq composite index rose less than 0.1 percent, to 3,692.95.
In electronic trading on the New York Mercantile Exchange, benchmark crude for September delivery futures fell 13 cents to $ 106.43 a barrel. The contract fell 38 cents to close Monday on the New York Mercantile Exchange at $ 106.56.
In currencies, the euro rose to $ 1.3262 from $ 1.3252 late Monday. Dollar fell to 98.30 yen from 98.21 yen.
 



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