BEIJING — Asian stock markets were mostly higher Tuesday as investors looked ahead to a Federal Reserve report for an update on when U.S. stimulus might start winding down.On Monday, Wall Street’s benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the coronavirus’s more contagious Delta variant.
The Shanghai Composite Index SHCOMP, -0.60% gained 0.2% to 3,475.66 and the Nikkei 225 NIK, +0.49% in Tokyo advanced 0.4% to 27,932.08. The Hang Seng HSI, -1.99% in Hong Kong sank 1% to 25,922.83. On Wall Street, the S&P 500 rose 0.2% to 4,422.30. The Dow Jones Industrial Average DJIA, +0.24% gained or 0.2% to 35,144.31. The Nasdaq Composite COMP, +0.03% added less than 0.1% to 14,840.71.
China’s industry ministry announced a 6-month campaign to clean up what it says are serious problems with internet apps violating consumer rights, cyber security and “disturbing market order.” Internet giant Tencent 700, -6.20% slid 10% following a weekend order by regulators to end exclusive contracts with music copyright holders that they said harmed competition.
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