Asian stock markets were mixed Friday after Wall Street closed lower amid uncertainty about the U.S. economic outlook.
Shanghai and Tokyo retreated while Hong Kong and Seoul advanced. That followed a day of declines on weak Chinese retail spending data.
The Shanghai Composite Index fell 0.5% to 3,190.15 and the Nikkei 225 in Tokyo lost 0.3% to 22,696.42. The Hang Seng in Hong Kong rose 0.4% to 25,074.61. Global markets have recovered most of this year's losses, buoyed by optimism about work on a possible coronavirus vaccine. But economists warn the rise might be too fast to be sustained by uncertain economic activity as infections in the United States and some other countries increase.
U.S. investors have been encouraged by signs of more business activity as anti-virus controls are eased. But California and some other areas have reimposed orders closing bars and some other businesses after a renewed surge in infections.
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