12.10 PM: Asia shares slip as fears over Delta virus variant grow, U.S. data eyed

Asian shares dropped on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery, even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.

Benchmark indices extended the losses and trading near the day’s level dragged by the metal, bank and auto names.

The Sensex was down 165.58 points or 0.31% at 52570.01, and the Nifty was down 55.80 points or 0.35% at 15758.90. About 1564 shares have advanced, 1280 shares declined, and 102 shares are unchanged.

News Source:- Moneycontrol

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