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Global stock markets were mixed and gold surged to a record price Monday amid US-China tension and concern a recovery from the coronavirus pandemic might be weakening.

London, Tokyo and Hong Kong declined while Frankfurt and Shanghai advanced.

Wall Street ended last week down after a new diplomatic flare-up between Washington and Beijing and mixed earnings reports.

The Nikkei 225 in Tokyo lost 0.2 percent to 22,715.85 while the Hang Seng in Hong Kong retreated 0.4 percent to 24,603.26.

That adds to strains over trade, technology, Hong Kong and human rights that have sent relations between the two biggest global economies plunging to their lowest level in decades.

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