Asian Stocks Mixed as Data Show Delta Sapped China: Markets Wrap

Asian Stocks Mixed as Data Show Delta Sapped China: Markets Wrap

(Bloomberg) -- Most Asian stocks dipped Tuesday as traders assessed weaker economic activity in China and the latest escalation in Beijing’s crackdown on private industries.

Equities slipped in Japan and Hong Kong and were steady in China, where the latest purchasing managers’ indexes showed the economy took a knock amid an outbreak of the delta virus variant. U.S. contracts fluctuated after the S&P 500 hit a record and the Nasdaq 100 climbed.