Asian shares trend lower after Wall St ends with weekly loss

Shares are lower in most Asian markets after Wall Street benchmarks ended last week with a decline

Shares slipped Monday in most Asian markets after Wall Street benchmarks ended last week with a decline. Stocks fell in Tokyo, Hong Kong and Seoul but rose modestly in Sydney and Shanghai. Japan reported its wholesale prices were near a 13-year high in August, adding to concerns over inflation as the country prepares for a leadership transition. Prices have surged in the world's three largest economies, and elsewhere, as supply chain troubles, shipping bottlenecks and other disruptions arising from the pandemic hinder a return to normal growth.