HONG KONG – Asian stocks were mixed Monday as traders took a breather after last week’s rally, with concerns about Federal Reserve monetary policy easing as sentiment is driven by the bright outlook for the global economy.
The bipartisan agreement between US lawmakers Thursday on a huge infrastructure deal provided an extra boost to already upbeat investors, who have also been calmed by Federal Reserve pledges to maintain record-low interest rates and vast bond-buying for as long as the recovery needs.
Even a sharp spike in a closely watched gauge of consumer spending for May was taken in stride on trading floors, with much of the surge being attributed to rallyin…
Keep on reading: Asian markets mixed at opening after last week’s gains