Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024

Shares are mixed in Asia after China's premier said the country's target for economic growth this year is around 5%, in line with expectations. Hong Kong's benchmark fell while Shanghai edged higher. On Monday, stocks edged lower on Wall Street at the start of a busy week. The S&P 500 slipped 0.1% and the Dow Jones Industrial Average fell 0.2%. The Nasdaq composite fell 0.4%. Later this week, Federal Reserve Chair Jerome Powell will speak before Congress. His comments could sway expectations for when the Fed will start cutting interest rates. The latest monthly jobs update will also arrive at the end of the week.