Nikkei falls to 1-1/2-week low as China PMI dims mood

Tue Aug 5, 2014 2:21am EDT

TOKYO, Aug 5 (Reuters) - Japan's Nikkei share average fell
to a 1-1/2-week low on Tuesday, extending its declines into a
fourth day after a survey showed China's services sector growth
fell to a record low.
    The market also looked for more earnings cues from Japanese
companies such as Toyota Motor Corp.
    The Nikkei dropped 1.0 percent to close at 15,320.31, the
lowest closing level since July 24.
    The broader Topix fell 1.0 percent to 1,263.53, and
the JPX-Nikkei Index 400 dropped 1.0 percent to
11,499.49.
    China services purchasing managers' index (PMI) compiled by
HSBC/Markit fell to 50.0 in July from a 15-month high of 53.1 in
June. It was the lowest reading since November 2005 when the
data collection began. China is a major export
market for Japanese manufacturers.
    
($1 = 102.5900 Japanese Yen)

 (Reporting by Ayai Tomisawa; Editing by Eric Meijer & Shri
Navaratnam)
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article