Stock market today: Asian shares are mostly higher as Chinese markets reopen after Lunar New Year
Shares are mostly higher in Asia after Chinese markets reopened from a long Lunar New Year holiday. Hong Kong fell while Shanghai advanced. Tokyo edged lower. U.S. futures rose slightly while oil prices declined. On Friday, stocks slipped to send Wall Street to a rare losing week, just its second in the last 16. The S&P 500 fell 0.5% after a report on inflation at the wholesale level came in hotter than expected. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite fell 0.8%. The inflation report was the latest reminder that the battle against rising prices isn’t over.