Asian
stocks rose, after the regional benchmark gauge posted its biggest
monthly drop since September, as energy and materials shares led gains.
The
MSCI Asia Pacific Index climbed 0.1 percent to 146.38 as of 9:01 a.m.
in Tokyo. The measure slid 3.4 percent in June, leaving it little
changed for the quarter, as Chinese equities in Hong Kong slumped. The
city’s stock market is closed Wednesday for a holiday.
An
official report on China’s manufacturing industry for June will show
the quickest expansion since October, while a private factory gauge will
signal a fourth month of contraction, according to economists surveyed
by Bloomberg before data Wednesday. Greece missed a deadline for
repaying $1.7 billion to the IMF after bailout talks with its creditors
imploded, with investors now awaiting a July 5 vote by its people on
whether they support austerity measures.
Source: Bloomberg
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