Asia mid-session: Asia Pacific stocks dip on China PMI, Aussie dollar underperforms
US equities surged as the S&P 500 hit a record high and the Russell 2000 led gains, signaling a broader market recovery beyond tech. Meanwhile, Asia markets slipped on weak China services data and rising trade tensions from a new US-Vietnam deal. The British pound dropped on UK fiscal uncertainty, and the Aussie dollar weakened. Gold held steady ahead of key US economic data. Traders eye AUD/USD's (Chart of the day) resistance near 0.6600 for signs of the next move.