Asian markets extend global retreat over Delta fears

Hong Kong

Asian equities extended losses Tuesday following another rough day for global markets as the fast-spreading Covid Delta variant fuels concerns over the expected economic recovery.

Investors have been rattled in recent weeks by data showing the highly transmissible virus surging across the world, forcing some governments to reimpose containment measures.

Even countries with elevated vaccination rates have seen a big increase in new cases, though observers point out that hospitalisations and deaths are being kept down thanks to the jabs.

The selling has also been blamed on other factors including lingeri ng worries about possible central bank policy tightening .—AFP

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