Low vaccination rate weighs on shares in Asia as oil falls on surprise build in US crude stockpiles
London/Hong Kong — Stocks and emerging markets currencies edged down on Friday and oil headed for its biggest weekly loss since March, as nervousness over the spread of the Covid-19 Delta variant hit risk assets and crimped demand.
The Thai baht led losses among emerging markets currencies, emblematic of how a surge in coronavirus infections and deaths in some countries around the world is hitting confidence in their currencies and economies. US stock futures, the S&P 500 e-minis, were down 0.05% on Friday after the S&P 500 closed at record levels the day before after a spate of strong corporate earnings and a further decline in US unemployment claims.
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