Shares are mixed in Asian markets Monday after Wall Street returned to record heights Friday, with Hong Kong’s benchmark dropped nearly 3%, hovering near a 15-month low. China’s commercial banks kept their loan prime rate unchanged Monday amid downward pressure on the yuan, disappointing investors who anticipated measures to stimulate the economy. The S&P 500 rallied 1.2% Friday to surpass its prior all-time high set at the start of 2022. It had dropped as much as 25% from that record on worries about much higher interest rates. Tech stocks again helped lead the market, and the Nasdaq composite rose 1.7%. The Dow, which set its own record last month, rose 1.1%.
