Japan's services activity down in June

Japan's service sector stalled in June, with the headline index dropping to 49.4 from 53.8 in May, S&P Global's report released on Wednesday showed.

The index falling below 50 indicates contraction in contrast with the previous month's expansion.

"The Japanese service sector's recent strong upturn in business activity ended abruptly in June as the first contraction for nearly two years was registered," Economics Director at S&P Global Trevor Balchin said.

Baha Breaking News (BBN) / NL