Tokyo Nikkei 225 down 0.89%, S&P ASX 200 up 0.29% (Il Sole 24 Ore Radiocor) - Tokyo, 05 Jun - Asian shares closed mixed following contrasting economic data.

In May, Japan's purchasing managers' index (PMI) for the services sector fell to 53.8 from 54.3 in April, according to data released by S&P Global and its partner au Jibun Bank.

But, the composite output index, a weighted average of services PMI and manufacturing output, advanced to 52.6 in May from 52.3 in April.

In May, China's purchasing managers' index for the services sector rose 54.0 from 52.5 in April, according to data released by S&P Global along with local media partner Caixin.

The composite output index grew to 54.1 from 52.8, to indicate that Chinese business activity expanded for a seventh successive month and at the fastest pace in a year.

A reading above 50 signals expanding sector activity while one below indicates a contraction.

In the first quarter of 2024, Australian gross domestic product (GDP) rose 0.1% compared with the previous three months and 1.1% year on year, on a seasonally adjusted, chain volume measure, according to figures released by the Australian Bureau of Statistics.

Economists were expecting GDP to rise 0.2% quarter on quarter and 1.2% annually.

The Nikkei index closed down 0.89% at 38,490.17 points, while Sydney the S&P ASX 200 closed up 0.29% at 7,759.40 points and Seoul the KOSPI closed up 1.03% at 2,689.50 points.

In late trade, the Shanghai Composite index was down 0.77% at 3,067.30 points and the Hong Kong Hang Seng index was down 0.10% at 18,426.00 points. In Mumbai the Sensex index was up 1.71% to 73,314.01 points after yesterday's selloff.

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(RADIOCOR) 05-06-24 08:49:13 (0170) 5 NNNN