Stocks falter as virus outbreaks fan global recovery fears

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Reuters

By Kane Wu HONG KONG (Reuters) – Asian stocks widened their losses on Tuesday as investor sentiment dampened further amid growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery, sending riskier assets skidding sharply. Europe and U.S. markets look set to recover however with FTSE futures and E-mini futures for the S&P 500 index up 0.06% and 0.22% respectively. MSCI’s gauge of Asia Pacific stocks outside Japan widened losses to nearly 1%, with Australia’s S&P/ASX 200 down 0.44%. Japan’s Nikkei 225 hit a six-month low, down nearly 1%. China deleverag…

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