Asian markets hit as Delta, Fed, China jolt recovery rally

Hong Kong (AFP) Aug 20, 2021

Equity markets fell in Asian trade Friday with fears over the fast-spreading Delta variant, the Federal Reserve's taper plans and China's ongoing regulatory crackdown taking the wind out of the sails of the global recovery rally. Investors have for more than a year sent valuations surging on the back of colossal government and central bank support as well as optimism that the rollout of vacc