HONG KONG (AFP): Traders took a step back in Asian trade Tuesday (Aug 31) as they struggled to extend Wall Street's rally, with sentiment jolted by data suggesting China's economic recovery was slowed down by an outbreak of the fast-spreading Delta Covid variant.
The positive energy stoked by a pledge from Federal Reserve boss Jerome Powell to be cautious in withdrawing the bank's vast financial support appeared to have dissipated, replaced by fresh concerns over Beijing's crackdown on private enterprises and the ever-present spectre of the coronavirus.
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