Asian stocks hit 2-mth lows as fast-spreading Delta variant shatters confidence By Reuters – Investing.com
- Date: 09-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Asian stocks hit 2-mth lows as fast-spreading Delta variant shatters confidence By Reuters – Investing.com
By Swati Pandey
SYDNEY (Reuters) - Asian shares stumbled to two-month lows on Friday and were set for their worst weekly performance since February as confidence took a beating over the global spread of the Delta virus variant and worries it could stall a worldwide economic recovery.
Investors flocked to the safety of bonds overnight with 10-year U.S. Treasury yields reaching levels not seen since February.
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