Stock market today: Asian shares are mixed after Wall Street suffers worst loss since Election Day

Stock market today: Asian shares are mixed after Wall Street suffers worst loss since Election Day

SeattlePI.com

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Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day. Japan's benchmark lost 1% while Chinese markets gained more than 1%. On Friday, the boost that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading. The S&P 500 sank 1.3% to close a losing week. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite fell 2.2%. Moderna and other makers of vaccines helped drag the market down after President-elect Donald Trump proposed that Robert F. Kennedy Jr., an anti-vaccine activist, be his health secretary.

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