BEIJING (AP) - Asian stock markets followed Wall Street after Friday.
Tests in Shanghai, Tokyo, Hong Kong, and Southeast Asia retreated the day after strong gains from the rise of US technology stocks.
Global stock prices recovered most of the loss of optimism about recovery from this year's coronavirus pandemic. However, estimators warn that the increase may be too large and too fast to be supported by uncertain economic conditions.
The benchmark S&P 500 index on Wall Street fell 0.6% overnight.
“The market is concerned about the increase in global cases,” said Stephen Innes of AxiCorp. in a report. "Money is turning to the perceived safe areas of the market, such as technology, that should hold wider indices to some extent."
Shanghai Composite Index fell 0.9% to 3.420.11, and Nikkei 225 in Tokyo fell 0.2% to 22.476.74. Hang Seng in Hong Kong fell 1% to 25,942.39.
Kospi in Seoul lost 0.8% and rose to 2,149.37, and Sydney's S & P-ASX 200 dropped 0.2% in 5.943.20. With the Singapore markets closed, New Zealand and Jakarta also declined.
On Wall Street, the S&P 500 fell to 3.152.05. Dow Jones Industrial Average dropped 1.4% to 25.70.0.0.
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