Asian shares mixed, extending Wall Street losses

Shares are mixed in Asia after Wall Street logged its worst week since the pandemic began in 2020

BANGKOK -- Shares were mixed Monday in Asia after Wall Street logged its worst week since the pandemic began in 2020.

Benchmarks declined in Hong Kong, Seoul and Sydney but rose in Tokyo. Shanghai was little changed. U.S. futures were higher.

Investors have been growing increasingly worried about how aggressively the Federal Reserve, which holds a policy meeting this week, might act to cool rising inflation.

Historically low interest rates, dubbed quantitative easing, or QE, have helped support the broader market as the economy absorbed a sharp hit from the pandemic in 2020 and then recovered over the last two years.