Shares have slipped in Asia after U.S. markets were closed for the Labor Day holiday.
A person rides a bicycle in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Sept. 5, 2023, in Tokyo. U.S. futures also were lower and oil prices were mixed.
Chinese services data came in weaker than expected, dulling hopes for a rebound in China's lackluster growth. A survey showed business activity in China's services sector increased at the slowest pace in eight months. In Seoul, the Kospi lost 0.3% to 2,577.71. Australia's S&P/ASX 200 was down 0.5% to 7,279.30. Shares also fell in Southeast Asia and Taiwan.
The report also showed the unemployment rate rose to 3.8% from 3.5%. That's the highest level since February 2022, though still low by historical standards.expected at some point in 2023
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