Japanese service activity contracted for the first time in nearly two years in June as domestic demand cooled, a private sector survey showed on Wednesday, although business confidence and hiring indicators remained upbeat.

Chinese service sector activity grew less than expected in June, private purchasing managers index data showed on Wednesday, as local demand remained weak and growth of new business activity eased.

Most Asian stocks moved in a tight range on Tuesday as uncertainty over interest rates, especially before a speech by Federal Reserve Chair Jerome Powell, kept investors on edge.

The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency.

British manufacturing activity growth slowed last month from May's 22-month high as ongoing disruption to shipping in the Red Sea contributed to lower demand from overseas customers, a survey showed on Monday.

Manufacturing activity across the euro zone took a turn for the worse last month as demand fell at a much faster pace despite factories cutting their prices, a survey showed.