Asian stock markets have followed Wall Street lower after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a low point in relations. Shanghai, Tokyo, Hong Kong and Seoul retreated. Sydney gained. Oil prices fell. On Friday, Wall Street’s benchmark S&P 500 index lost 0.4% after the Federal Reserve warned it might raise interest rates two more times this year if needed to cool inflation. Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang indicated willingness to cooperate on major issues but gave no sign of progress on disputes over Taiwan, human rights, technology and security.
