Asian stocks hit 2-mth lows as Delta variant shatters confidence

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.9% to 667.99, a level not seen since mid-May.

SYDNEY: Asian shares stumbled to two-month lows on Friday and were set for their worst weekly performance since February as confidence took a beating over the global spread of the Delta virus variant and worries it could stall a worldwide economic recovery.

Investors flocked to the safety of bonds overnight with 10-year U.S. Treasury yields reaching levels not seen since February.