Asian markets swing as traders digest Delta, US data

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HONG KONG (AFP): Markets fluctuated in Asia on Thursday (Aug 5) following a tepid Wall Street lead as traders contemplated mixed US data, concerns about the fast-spreading Delta variant and indications that the Federal Reserve could begin winding back its ultra-loose monetary policy by the end of the year.

The broad view is that the recovery is still on track while the volatility that gripped the world last week has died down for now, though there remains a certain amount of unease about China's next move after embarking on a surprise crackdown on its tech, private tuition and property sectors.