Asian markets struggle as virus, Fed taper talk blur outlook

HONG KONG (AFP): Asian markets fluctuated Tuesday (Aug 10) as global recovery hopes were jolted by the fast-spreading Delta variant and expectations the Federal Reserve will soon begin withdrawing the vast financial support that has helped fuel an equities rally for more than a year.

While vaccinations are being rolled out, infection rates continue to climb around the world, forcing some governments -- particularly China and Australia -- to impose fresh lockdowns and other containment measures.