Stock market today: Asian shares trade mixed, as Tokyo and Seoul are shuttered for New Year holidays

Asian markets shares are mixed, with trading closed in Tokyo and Seoul for New Year holidays. Australia’s S&P/ASX 200 fell and Hong Kong’s Hang Seng rose, while the Shanghai Composite fell after China’s manufacturing data seemed to show that Beijing’s stimulus measures weren’t enough to boost the nation’s sluggish economy. On Monday, U.S. stocks closed broadly lower. with the S&P 500 falling 1.1%, its third straight decline. Big Tech companies weighed heavily on the market, worsening the slump. Oil prices rose. Boeing fell 2.3% after one of its jets skidded off a runway in South Korea, killing 179 of the 181 people aboard. South Korea is inspecting all 737-800 aircraft its airlines operate in the country.