Stock market today: Asian shares mostly lower as China reports factory output slowed

BANGKOK — Shares were mixed in Asia on Monday after China reported its factory output slowed in May, with the property market still deep in the doldrums.Shares fell 1.9% in Tokyo to 38,070.40 and in Seoul, the Kospi declined 0.5% to 2,744.63. Australia's S&P/ASX 200 gave up 0.2% to 7,712.90.

The Dow Jones Industrial Average dipped 0.1%, to 38,589.16, and the Nasdaq composite added 0.1% to its record set a day before on the back of gains for technology stocks, closing at 17,688.88. U.S. stocks have set records as hopes rise that inflation is slowing enough to convince the Federal Reserve to cut interest rates later this year. Big technology stocks, meanwhile, continue to race ahead almost regardless of what the economy and interest rates are doing.Adobe jumped 14.5% after reporting stronger profit for the latest quarter than analysts expected.

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