Asian stocks were mostly lower Monday after President Joe Biden exited the 2024 race. The downbeat start to the week followed losses Friday on Wall Street as businesses around the world scrambled to contain disruptions from a massiveon Sunday and endorsed Vice President Kamala Harris to take on former President Donald Trump, adding to uncertainties over the future of the world's largest economy.The Hang Seng in Hong Kong added 0.8% to 17,548.33 and the Shanghai Composite index dropped 0.
Elsewhere in Asia, Australia’s S&P/ASX 200 dipped 0.6% to 7,924.40. South Korea’s Kospi lost 1.4% to 2,756.62. “We all realize you can fat finger something, mistype something, you know whatever -- we don’t know the technical details yet of how it caused the ‘bluescreen of death’” for users, he said. The outage hit check-in procedures at airports around the world, causing long lines of frustrated fliers. That initially helped pull down U.S. airline stocks, but they quickly pared their losses. United Airlines flipped to a gain of 3.3%, for example. It said many travelers may experience delays, and it issued a waiver to make it easier to change travel plans.In the bond market, yields ticked higher. The yield on the 10-year Treasury rose to 4.23% from 4.20% late Thursday.