Stock market today: Asian shares mostly decline, while Tokyo again touches a record high

Stock market today: Asian shares mostly decline, while Tokyo again touches a record high

SeattlePI.com

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Asian shares are mostly lower, although the Tokyo stock markets reached another record high. Shares rose Monday in Tokyo and Sydney, but slipped in Hong Kong, Shanghai and Seoul. Analysts said traders in China were selling to lock in profits from recent gains. The weak yen, with the U.S. dollar trading at above 150 yen, appears to be driving investments in Japan. The S&P 500 index ended a winning week Friday with another record high. Markets are watching for updates on the pace of growth in the U.S. economy, inflation and what central banks may do on interest rates.

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