HONG KONG – Asia markets saw big falls Wednesday with fears over a renewed coronavirus surge weighing on global investor sentiment and US equities deepening their retreat from last week’s record highs.
Countries around the world are urgently working to accelerate vaccination campaigns and revive their pandemic-ravaged economies, with new variants of the pathogen driving unprecedented infection numbers in some of the worst-hit nations.
While both the Dow and the S&P 500 finished last week at new peaks and also posted their fourth consecutive weekly gains, shares have fallen over the past two days as earnings season enters its second week.
Losses were also sharp in E…
Keep on reading: Asia markets a sea of red on renewed virus fears