BUSINESS

Covid and China crackdown sap regional confidence

Business, Nuntawun Polkuamdee, Published on 14/08/2021

» Recap: Emerging market shares slid 0.8% yesterday as worries about a widening regulatory crackdown in China and surges in Covid-19 cases sapped investor confidence. But European stocks hit new highs and were on track for their fourth consecutive week of gains on the prospect of more forecast-beating corporate earnings and a steady recovery from the pandemic-induced downturn.