Asian Shares Hit One-Week Low Due to Covid, Inflation
Growing inflation and the bounce in COVID-19 cases have caused Asian shares to fall to the lowest in one week on Monday. Yen and gold rose high as investor appetite for risk is dwindling. Q2 2021 hedge fund letters, conferences and more Asian Shares DipAs reported by Reuters, “MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% for its second straight day of losses.” Also, Nikkei crashed 1.3% as well as the benchmark share index in Australia. “South Korea’s KOSPI was 1% lower while New Zealand's shares were off 0.4%.” The news arrives as economic comebacks around the world are...