By Kevin Buckland
TOKYO, July 5 (Reuters) – Asian stocks were mixed on Monday amid growing worries about China’s crackdown on local tech companies, paring earlier gains made after a welcome U.S. jobs report drove global shares to a record high.
The region’s biggest markets, Japan and China, both declined. The Nikkei fell 0.6% following a surge in COVID-19 infections in Tokyo, just weeks before the city hosts the Olympics.
Chinese tech firms slumped amid concerns over Beijing’s crackdown on ride-hailing giant Didi Global and scrutiny of other platform companies in the country.
That pushed Chinese blue chips down 0.4% and Hong Kong’s Hang Seng 0.8% lower, weighing on MSCI’s broadest index of Asia-Pacific shares outside Japan, which swung into negative territory.
Taiwan shares were a standout, rallying 1.2%, while South Korea’s Kospi added 0.3%.
Trading was thinner than usual with U.S. markets closed for the extended 4th of July weekend,…