Asian shares pressured by fears over Delta virus variant

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.11% lower, hovering near recent highs.

SYDNEY: Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.11% lower, hovering near recent highs, though momentum has stalled as some countries re-impose lockdowns to contain the spread of the Delta virus variant.