Riskier assets globally have come under pressure recently as many countries struggle to contain the outbreak of the fast-spreading Delta virus variant, raising fears that further lockdowns and other restrictions could upend the worldwide economic recovery.
HONG KONG: Asian stocks were down early on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery sent riskier assets, including oil, skidding sharply.
MSCI's gauge of Asia Pacific stocks outside Japan fell as much as 0.29%, with Australia's S&P/ASX 200 down 0.39%.
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