Stock market today: Asian shares fall back amid selling of China property shares

Shares have slipped in Asia after U.S. markets were closed for the Labor Day holiday. U.S. futures also were lower and oil prices were mixed. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by fresh efforts to support the industry. Japanese household spending and Chinese services data also were weaker than expected. On Friday, the S&P 500 rose 0.2%, coming off its first monthly loss since February. U.S. employment figures suggested the jobs market may be cooling, raising hopes that the Federal Reserve might moderate interest rate increases to tamp down inflation. The Dow rose 0.3% and the Nasdaq composite ended little changed.