Stocks were mainly lower today, as we saw risk-off take hold of several asset classes.

The much-heralded Biden-Xi meeting left little impression on the capital markets.  Equities in the region were mixed, and China's main markets fell, alongside Australia, South Korea, and India.

Rising prices across the global economy is a centerpiece issue that has investors attempting to gauge the impacts on economic activity and central bank policy over the coming months.

Separately, China reported that lending slowed sharply in October, and this may spur a policy response in a way that the inflation readings may not.

PayPal is rising after reporting quarterly results that weren’t too impressive. The company also said people would be able to use Venmo on Amazon.

Disappointing Apple (AAPL) and Amazon (AMZN) earnings news after the NASDAQ set a record high set the stage of a weaker bias in the Asia Pacific region today.