Asian shares are mostly lower after stocks rallied to records on Wall Street, with the Dow Jones Industrial Average closing above the 35,000 level Friday for the first time
By ELAINE KURTENBACH AP Business Writer
July 26, 2021, 7:37 AM
• 3 min read
BANGKOK — Shares were mostly lower in Asia on Monday, where Tokyo advanced while markets in Hong Kong and Shanghai fell sharply.
Fresh news of regulatory moves against Chinese IT and education industry companies pulled shares lower in Hong Kong and Shanghai.
In Japan, preliminary factory and service activity surveys showed a slowdown linked to recent tightening of pandemic precautions due to surging coronavirus cases.
The flash purchasing managers index for the services sector fell to 46.5 in July from 48 in June, on a scale of 1-100 where 50 marks the break between expansion and…
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