Hong Kong
Asian markets were mixed Friday as fears that the global recovery will fire inflation continued to niggle investor sentiment as they faced up to the fact that interest rates will not be kept at record lows forever.
The rollout of vaccines, falling infection rates and the prospect of another mammoth US stimulus have sent equity markets to all-time or multi-year highs in recent weeks, with focus firmly on the long-term outlook.
The rally has been underpinned by vast financial support from central banks around the world, particularly the Federal Reserve, as well as huge government spending.
But while there is light at the end of the tunnel and people look forward to the easing of social restrictions and a return to some level of normality, the recovery has its downsides.—AFP
