Asian stock markets were mostly lower Monday after Wall Street hit a new high and China reported a double-digit rise in exports.
Wall Street's benchmark S&P 500 index rose 0.4% on Friday to a record for a seventh day after U.S. employers hired more people in October than expected.
Despite that gain, Chinese anti-virus controls might dampen factory and consumer activity, "still bringing about an uncertain recovery picture," Yeap Jun Rong of IG said in a report. On Wall Street, the S&P 500 rose to 4,697.53 after the government reported the U.S. economy added 531,000 jobs last month, better than the consensus forecast of 450,000.
The U.S. government is due to report inflation this week. Investors are watching price rises amid fears stronger inflationary pressures might prompt the Federal Reserve and other central banks to pull back stimulus that is boosting stock prices.
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