Nikkei drops 0.3%

<p>The Nikkei has slipped after two days of gains.</p>

The Nikkei has dropped back in today's (July 3rd) trading after a solid start to the week.

It had reached new five-week highs yesterday, but lost 0.3 per cent of its value in choppy trading today to record a first daily drop in four days.

Concerns over the Chinese economy helped to push the index down for the first time this week, reports Reuters.

The Asian nation has released data indicating that the services sector grew at the slowest pace in nine months in June.

After a period of ups and downs for the Nikkei, it ended the day at 14,055.56, cancelling out some of the 1.8 per cent gains it recorded yesterday.

The Nikkei was also up on Friday and Monday, when it jumped by 1.3 per cent to hit a one-month high. However, the index remains some distance away from the five-and-a-half year highs it recorded in May.

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