Asian shares mixed after weekend lull in bank worries

Asian shares mixed after weekend lull in bank worries

SeattlePI.com

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Shares are mixed in Asia after stocks on Wall Street shook off a weak start to end higher last week. Worries about banks on both sides of the Atlantic still weigh on markets but there was a lull in fresh news of troubles over the weekend. Benchmarks slipped in Hong Kong, Shanghai, Seoul and Taiwan but rose in Tokyo and Sydney. The S&P 500 rose 0.6% Friday, marking its second straight weekly gain. The Dow Jones Industrial Average and the Nasdaq composite also rose. Treasury yields stabilized after an early drop. Concerns that higher interest rates are squeezing lenders have revived fears of recession and raised uncertainty about policies of the Federal Reserve and other central banks.

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