BEIJING (AP) — Asian stock markets have declined after Wall Street hit a new high as investors looked ahead to manufacturing indicators from Japan, China and South Korea. Market benchmarks in Shanghai, Tokyo and Seoul declined. Trading in Hong Kong was suspended due to a weather alert. Production is recovering from last year’s plunge but faces shortages of processor chips and other disruptions. Wall Street’s S&P 500 index turned in its biggest weekly gain in four months last week. Investors have been encouraged by progress in Washington on an infrastructure spending plan. Markets have recovered from the Federal Reserve’s announcement that it might start raising interest rates sooner than expected.
