Asian markets turn lower as virus spikes fuel recovery worries
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29/06/2021 - 05:06 Sydney has been put into lockdown along with three other Australian cities as authorities try to contain a fresh outbreak of coronavirus in the country Saeed KHAN AFP 4 min
Hong Kong (AFP)
Markets fell in Asia on Tuesday with investors looking for their next buying catalyst after the latest rally, while there were also concerns about fresh coronavirus flare-ups and the reimposition of restrictions in parts of the world.
With news of President Joe Biden s bipartisan infrastructure deal having run its course and inflation worries continuing to linger, traders are choosing to sit tight ahead of key US jobs data later in the week and the beginning of corporate earnings season next month.
Asian Equities Mostly Down As Virus Spikes Ripple Across Markets ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
A worker shortage plaguing businesses has continued to worsen in recent months, posing a new threat to the economy's tepid recovery from the coronavirus pandemic, the Chamber of Commerce said.