Global stocks, US futures mixed as virus cases surge in Asia

Global stock markets and Wall Street futures are mixed following a rise in coronavirus cases in Thailand, Taiwan and Singapore and weaker-than-expected Chinese factory and retail activity

BEIJING -- Global stock markets were mixed Monday after surging new coronavirus cases in Thailand and Taiwan fueled disease fears and Chinese factory and consumer activity were weaker than expected. London and Frankfurt opened lower. Shanghai and Hong Kong advanced while Tokyo declined. Wall Street futures fell after the S&P 500 index gained Friday, rebounding from heavy selling earlier, but finished the week down 1.4% for its biggest weekly loss in three months. Thailand reported 9,635 new coronavirus cases. That added to concern after Taiwan and Singapore announced limits on public gatherings and other curbs over the weekend following new infections. The rebound in economies that appeared to have the disease under control fueled concern the region's recovery might be pushed back.