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

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Reuters

By Swati Pandey SYDNEY (Reuters) – 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. “Risk aversion is in the air,” said National Australia Bank analyst Rodrigo Catril. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.9% to 667.99, a level not seen since…

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