BEIJING – Asian stock markets were mixed Monday after Taiwan and Singapore tightened anti-coronavirus restrictions and Wall Street turned in its biggest weekly decline in three months.
Shanghai and Hong Kong advanced, while Tokyo and Seoul declined. Wall Street’s benchmark S&P 500 index rose Friday but ended the week down 1.4% for its first weekly decline in three weeks.
Taiwan and Singapore announced restrictions on public gatherings and other curbs over the weekend following a rise in new infections, raising concern the region’s economic recovery might be pushed back. “Concerns on virus resurgences may continue to linger in the region,” said Yeap Jun Rong of IG in a report.