BEIJING – Asian stock markets were mixed Friday after Wall Street closed little-changed as optimism about a possible global economic recovery was tempered by concern over rising coronavirus infections.Tokyo and Shanghai advanced while Hong Kong and Seoul retreated.Global markets have recovered most of this year’s losses as investors look ahead to a possible rebound from the deepest economic slump since the 1930s.
But analysts say gains might be too big and too fast to sustain. Enthusiasm has been dented by rising case numbers in Brazil, some U.S.
states and other areas.Asian investors “will feel encouraged” by China's quick response to this week's new infections in Beijing, but sentiment “remained toned down” following a surge in U.S..