Stock market today: Asian stocks are mixed after Wall St snaps out of its holiday-season funk

Asian stocks are mixed after Wall Street snapped out of a spell of holiday season blues, with markets in Tokyo and China declining. Japan's finance minister rang in the New Year as Tokyo's market resumed trading after the long traditional holiday. Nippon Steel was expected to sue after U.S. President Joe Biden rejected its bid to take over U.S. Steel. Nippon Steel's shares fell 0.8%. U.S. Steel Corp.'s shares sank 6.5% on Friday. The S&P 500 climbed 1.3% for its first gain since Christmas on Friday. The Dow Jones Industrial Average added 0.8%, and the Nasdaq composite jumped 1.8%.