July 28, 2021

Markets hit by worries over growth and Covid-19 cases – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Rising concerns about the Covid-19 pandemic are weighing on the markets, on the day England lifts its remaining coronavirus restriction despite warnings that the move could allow new variants to emerge.

Stocks have dropped in Asia-Pacific markets, with Japan’s Nikkei dropping 1.25% and Hong Kong’s Hang Seng down 1.6% in late trading. The increase in Delta-variant cases is threatening to stymie the global recovery, as lockdown restrictions and curbs are reintroduced in in some Asia-Pacific countries.

Thailand, for example, reported its fourth consecutive day of rising infections today (11,784), as it country struggles to tackle its worst outbreak to date.

And in Australia, a lockdown has been extended in the state of Victoria as authorities try to…

Read full article here: www.theguardian.com