Asian shares spooked by Delta spread as Jackson Hole looms – Reuters
- Date: 26-Aug-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Asian shares spooked by Delta spread as Jackson Hole looms – Reuters
HONG KONG, Aug 26 (Reuters) - Asian shares retreated on Thursday, brushing off an upbeat Wall Street lead as the Delta coronavirus variant's spread darkened the regional mood while a South Korean interest rate hike put the focus on the global central bank outlook.
Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) dropped 0.60%, and U.S. stock futures the S&P 500 e-minis , shed 0.14%.
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