BEIJING (AP) — Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections.
Benchmarks in Shanghai, Hong Kong and Sydney retreated. Japanese markets were closed for a holiday.
On Friday, Wall Street’s benchmark S&P 500 index
lost 1.1%, led by a selloff of tech companies that led this year’s rebound. Investors worry they might have become to expensive.
Market momentum shifted after the Federal Reserve said last week the U.S. economic outlook is uncertain. Growth in some industries has slowed…