Stock market today: Asia follows Wall St lower as US, Chinese foreign ministers meet
Asian stock markets have followed Wall Street lower after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a low point in relations BEIJING -- Asian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts. Shanghai, Tokyo, Hong Kong and Seoul retreated. Sydney gained. Oil prices fell. Wall Street’s benchmark S &P 500 index lost 0.4% on Friday after the Federal Reserve held its benchmark lending rate steady but warned last week it might be raised later if needed to cool i NFL ation. On Sunday, Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang held what the Chinese government called “candid, in-depth and constructive talks” at a time when relations are at their lowest point in decades. They indicated willingness to cooperate on major issues but did not indicate there was any progress on disputes over Taiwan, h...