Asian stock markets are lower after Wall Street’s biggest weekly gain in 16 months. Shanghai, Hong Kong, Seoul and Sydney retreated. Japanese markets were closed for a holiday. Investors watch efforts to mediate a settlement to Russia’�s attack on Ukraine, which has pushed up oil prices and added to uncertainty about the global economic outlook. Wall Street’s S&P 500 index rose 1.2% on Friday after investors appeared to welcome the Federal Reserve’S. attempt to fight surging inflation by raising its key interest rate in the U.S. Investors watched efforts to negotiate an end to the war on Ukraine and add to uncertainty over the global economy outlook, adding to uncertainty on the world’s economic outlook. Japanese markets are closed . . .
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