Stocks have edged lower in Asia after a mixed finish on Wall Street
BANGKOK — Stocks edged lower in Asia on Tuesday after a mixed finish on Wall Street, as investors weighed the risks of inflation against signs the recovery from the pandemic is gaining momentum.
Benchmarks fell in Tokyo, Hong Kong and Shanghai and were flat in Seoul.
In a subdued opening to the week in New York, the S&P 500 slipped less than 0.1%, giving up some recent gains. The benchmark index is within 0.2% of the all-time high it reached a month ago.
Japan reported that its economy contracted at a 5.1% annual pace in January-March, revised upward from the earlier reported 6.3% contraction. On a quarterly basis, the economy shrank 1% instead of the preliminary minus 1.3%.
A worsening coronavirus…
