Concern About Covid, Higher Costs Weigh Down Asian Markets


Source: asiafinancial.com asiafinancial.com

Key Topics in this News Article:

News Snapshot:

Shares on most markets in Asia fell on Wednesday, dragged down by worries about inflation and Covid-19 The positive tone of the Biden-Xi summit cooled some of the heat in US-China tensions and offered a slight boost to Asian shares on Tuesday, but this proved short-lived.Shares on most markets in Asia fell on Wednesday, dragged down by worries about Covid-19 and higher costs. MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 0.5% from Tuesday’s near three-week closing high, and was set for its biggest fall this month, snapping seven days of gains. The Nikkei in Japan lost 0.3% on...