Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%

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BEIJING (AP) — Asian shares were mostly lower on Monday after Wall Street’s huge rally faltered last week. Japan’s Nikkei 225 index shed 2.5% to 38,704.10...

BEIJING — Asian shares were mostly lower on Monday after Wall Street’s huge rally faltered last week.

Elsewhere in Asia, South Korea's Kospi fell 0.2% to 2,670.75 and the S&P/ASX 200 in Australia gave up 1.5% to 7,727.60. The overall economy is in a delicate spot, where it needs just the right amount of growth to avoid recession but not raise pressure on inflation. On Friday, gun maker Smith & Wesson Brands leaped 29.4% after reporting stronger profit than expected for the latest quarter. It said its shipments grew faster than the overall firearms market.

Also on the losing end was Broadcom, which fell even though it reported stronger results than expected. It dropped 7% after giving a forecast for revenue this upcoming year that was a touch below analysts' expectations.In other trading early Monday, U.S. benchmark crude oil shed 70 cents to $77.31 per barrel in electronic trading on the New York Mercantile Exchange. It fell 92 cents to $78.01 a barrel on Friday.

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