Asian stocks mixed after Wall Street rebound

Asian stock markets are mixed after Wall Street rebounded and Japanese exports surged

BEIJING -- Asian stock markets were mixed Wednesday after Wall Street rebounded and Japanese exports surged as investors tried to figure out how rising coronavirus infections will affect the global economy. Shanghai, Tokyo and Sydney advanced. Hong Kong and Seoul declined. Overnight, Wall Street's benchmark S&P 500 index gained 1.5%, recovering much of the previous day's loss. “Defensive flows eased. However, gains are likely to be capped by lingering concerns over COVID-19′s Delta variant,” said Anderson Alves of ActivTrades in a report. “A new wave of infections could delay the reopening of global economies.”