Agence France-Presse (The Jakarta Post)
PREMIUM
Hong Kong, China ●
Wed, June 30 2021
Markets fell in Asia on Tuesday with investors looking for their next buying catalyst after the latest rally, while there were also concerns about fresh coronavirus flare-ups and the reimposition of restrictions in parts of the world.
With news of President Joe Biden’s bipartisan infrastructure deal having run its course and inflation worries continuing to linger, traders are choosing to sit tight ahead of key US jobs data later in the week and the beginning of corporate earnings season next month.
Still, analysts said that despite a pause in the latest run-up, the outlook for equities remained positive as vaccines are rolled out globally.
The Nasdaq and S&P 500 each clocked up from records Monday, helped by a fresh bump in tech firms.
But Asia was unable to follow suit, with eyes on the spread of the coronavirus.
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