Asian shares mixed after China warning on risks, stagflation
ABC News
Stocks are mixed in Asia after closing mostly lower on Wall Street Friday, despite the Nasdaq’s first close above 16,000
Stocks were mixed in Asia on Monday after ending the week mostly lower on Wall Street, despite the Nasdaq's first close above 16,000.
A resurgence of coronavirus outbreaks in the U.S., Europe and some other regions is weighing on investor sentiment. Comments by advisers to the Chinese central bank about risks of “stagflation,” meanwhile, have reinforced concerns about inflationary pressures.
The Shanghai Composite index gained 0.7% to 3,583.37, while the Hang Seng in Hong Kong lost 0.4% to 24,962.11.
Tokyo's Nikkei 225 edged 0.1% lower to 29,717.58. In Australia, the S&P/ASX 500 gave up 0.4% to 7,368.00.
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