Shares are mixed in Asian markets Monday after Wall Street returned to record heights Friday, with Hong Kong’s benchmark dropped over 2%, hovering near a 15-month low. European markets opened higher. 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%.
