Asian stocks mostly lower after Wall Street highs

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Shares were mostly lower in Asia on Monday, where Tokyo advanced while markets in Hong Kong and Shanghai fell sharply.

Fresh news of regulatory moves against Chinese IT and education industry companies pulled shares lower in Hong Kong and Shanghai.

Manufacturing remained in expansion, but fell to 50.5 from 50.7 in June, said the au Jibun Bank survey. It said new export orders declined, possibly reflecting supply bottlenecks. Output fell at the fastest pace in six months. The S&P 500 index climbed 1% to 4,411.79. The Dow rose 0.7% to 35,061.55 and the Nasdaq composite gained 1% to 14,836.99.

 

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