Asian stock markets mixed after Wall Street rises to record

Tokyo and South Korea advanced while Hong Kong retreated and Shanghai swung between gains and losses.

"We expect Jay Powell to reiterate that the tapering discussion is underway, but that it's too soon to reveal a specific date," Danielle DiMartino Booth of Quill Intelligence said in a report. Australia's S&P-ASX 200 advanced 0.5% to 7,429.90 and India's Sensex opened up 0.1% at 52,912.28. New Zealand, Bangkok and Jakarta, Indonesia, declined while Singapore advanced.

U.S.-traded shares in Chinese companies sank after Beijing announced additional enforcement measures on technology, real estate and for-profit education ventures. Chinese authorities say they need to protect public safety and financial stability, restrain surging housing costs and promote social welfare. But their abrupt orders shook investor confidence.

U.S. traders are looking for earnings reports from more large companies this week. Google's parent, Alphabet, reports Tuesday. So do Apple and Microsoft. Pfizer and Boeing report Wednesday.

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