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Delta and Markets in Asia: Asia Stocks Dip Amid Virus Spread, China Clampdown: Markets Wrap

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Asia Stocks Dip as the delta variant of the Covid-19 Virus Spread in Asia.

Most Asian shares slipped today Friday as the spread of the delta Covid-19 variant and China’s regulatory curbs restrained sentiment despite another record high close on Wall Street.

The technology sector led losses on a slide in Chinese Internet giants and a retreat in chipmakers that hurt South Korean equities. U.S. equity futures were steady after the S&P 500 hit a fresh peak and the tech-heavy Nasdaq 100 rose. Airbnb Inc. slid in extended trading on a tough outlook due to the virus, while a surge in streaming demand boosted Walt Disney Co.

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