Asian shares start on cautious note amid rise in COVID-19 cases

 Asian shares start on cautious note amid rise in COVID-19 cases
  • Asian stock markets : https://tmsnrt.rs/2zpUAr4
  • Weaker U.S. inflation ease fears of policy tightening
  • Markets give thumbs up to U.S. bipartisan infra deal
  • Oil climbs to highest since Oct. 2018
  • Currency markets activity muted

SYDNEY, June 28 (Reuters) – Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last a shade weaker at 703.17, still near a two-week high of 705.35 made on June 16. Australian shares (.AXJO) slipped 0.3% while South Korea’s KOSPI index (.KS11) was slightly higher.

Japan’s Nikkei (.N225) was 0.1% weaker.

Investors were concerned about a spike in coronavirus infections in Asia with Australia’s most populous city of Sydney plunging into a lockdown after a cluster of cases involving the highly contagious Delta strain ballooned.

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