Asian shares mostly lower on worries over China outlook

BANGKOK — Shares were mostly lower Tuesday in Asia as markets remained jittery over the outcome of a Communist Party congress in China, where key reformers were excluded from the highest ranks of ruling party leadership.

Hong Kong’s benchmark failed to hold onto early gains after a 6.4% selloff the day before that took it to its lowest close in over a decade. Tokyo and Sydney advanced but Shanghai, Seoul and Mumbai declined.

U.S. futures edged 0.1% higher but oil prices fall back.

The swooning of Chinese stocks followed the conclusion over the weekend of a Communist Party congress in Beijing where leader Xi Jinping gave himself an unprecedented third five-year term and installed key allies as top ruling party leaders, vanquishing officials viewed as pro-market reformers.

Xi wants a bigger Communist Party role in China’s business and technology development, raising fears…