Asian markets drop as inflation, recovery return to focus

HONG KONG (AFP): Fears over rising inflation and pressure on central banks to tighten monetary policy sent markets lower in Asian trade Thursday (Oct 28) as investors contemplate the end of the era of cheap cash, while spiking Covid infections act as a reminder that the pandemic is far from over.

Ongoing worries about China's vast property sector and the future of giant developer Evergrande were also in view ahead of a payment deadline, while uncertainty over Joe Biden's social spending plan was also keeping a lid on sentiment.