Negative Day In Asia On Coronavirus Concerns

A broadly negative day for equities in the Asia-Pac region with risk sentiment soured by a resurgence in coronavirus cases and fears over the delta variant, markets in mainland China lead the way lower with losses of over 1% in the CSI 300. The US House passed two bills on Monday that are expected to form the basis of the US-China competitiveness bill. Markets in Japan in the red, the latest round of local retail sales data was loosely in line with broader exp., while there was a 0.2 ppt uptick in the unemployment rate vs. 0.1 ppt expected. Markets in Australia came under pressure with losses in the commodity complex. In the US futures are lower, losses led by the Nasdaq after gains yesterday took US indices to a record highs.