Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months

Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months

SeattlePI.com

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Shares in Asia are mostly lower, with only Tokyo advancing, after Wall Street wheezed to more losses with its worst week in six months. U.S. futures and oil prices edged higher. Worries over China's property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment. The S&P 500 slipped 0.2% Friday and the Dow fell 0.3% and the Nasdaq composite dipped 0.1%. Friday's losses capped an ugly slide for the week caused by Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon. Treasury yields eased a bit after jumping earlier in the week to their highest levels in more than a decade.

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