Asian markets dragged as Delta, profit-taking offset rebound hope | Malay Mail

HONG KONG, Sept 8 — Asian markets mostly fell today as a tepid lead from Wall Street and worries about the impact of the Delta coronavirus variant on the global recovery tempered investor appetite, though hopes for more stimulus helped Tokyo extend its recent rally.

Traders are keeping a close eye on the fast-spreading Delta strain, which is sending infection rates spiking around the world and forcing some governments to reimpose containment measures or lockdowns, raising concerns about the economic recovery. Tokyo’s Nikkei 225 ended above 30,000 for the first time since April as it continued the rally that started when Japan’s Prime Minister Yoshihide Suga said Friday he will stand down, raising hopes his successor will introduce fresh economic stimulus.

Hong Kong reversed early gains, while there were also losses in Sydney, Seoul, Singapore, Taipei, Wellington, Mumbai, Bangkok and Jakarta. Shanghai ended marginally down.

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Asian markets lifted by recovery hope, Tokyo breaks 30,000 | Malay MailHONG KONG, Sept 7 — Asian markets rose today, extending recent gains on optimism about the global outlook, though rising Delta coronavirus cases and worries about a slowdown in the economic recovery continue to cast a shadow. Tokyo’s Nikkei 225 briefly broke 30,000 for the first time in five...
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