HONG KONG – Asian markets mostly fell Monday as inflation concerns play off against optimism over the global economic recovery, while spiking infections in parts of the region are also keeping investors on their toes.
Wall Street provided a tepid lead at the end of last week, though European equities were given a boost by upbeat eurozone economic data and progress in the bloc’s vaccination drive after a slow start.
With expectations that the global recovery will pick up pace this year, the main focus is now on the impact that will have on prices, with observers warning a long period of high inflation will force central banks to wind back the ultra-loose mone…
Keep on reading: Asian markets mostly down as inflation trumps recovery optimism