Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day.
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Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, Nov. 8, 2024. FILE - A passerby moves past an electronic stock board showing Japan's stock prices outside a securities firm in Tokyo, on Oct. 11, 2024. – Shares started out the week mixed in Asia after U.S. stocks fell to their worst loss since Election Day.
Chinese markets advanced, with the Hang Seng in Hong Kong adding 1.2% to 19,655.58. The Shanghai Composite index gained 1.2% to 3,372.18. Recent data showed improvements in retail spending that economists say suggest government stimulus policies are giving the stagnant economy a boost. Vaccine manufacturers helped drag the market down after President-elect Donald Trump said he wants Robert F. Kennedy Jr., a prominentKennedy still needs confirmation from the Senate to get the job, and some analysts are skeptical about his chances.
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