TOKYO (AP) — Asian markets were mostly lower Monday in cautious trading, while the price of bitcoin remained near $20,000.
Shares fell in most Asian markets but rose in Hong Kong and India as worries over inflation and risks of a global recession from central bank efforts to bring it under control appeared to outweigh Wall Street’s mostly positive close on Friday. U.S. futures were higher and oil prices also gained.
The price of the world’s most popular cryptocurrency stood at about the psychological benchmark of $20,000, after bouncing over the weekend. At one point, bitcoin plunged nearly 10% to under $18,600, according to the cryptocurrency news site CoinDesk.
As of late afternoon in Tokyo, it was at $19,995.60.
China kept its 1-year and 5-year loan prime rates unchanged in a widely expected move.
Given China’s struggle to bring outbreaks under control and its already…