BANGKOK – Shares fell in Asia on Tuesday on renewed worries that troubles with COVID vaccine rollouts and the spread of new variants of coronavirus might delay a recovery from the pandemic.
Hong Kong led other regional markets lower, dropping 2.4% to 29,440.03. Traders are keeping a wary eye on rising coronavirus infections in various countries and a bumpy rollout of vaccinations in the U.S.
The spread of variants t hat are thought to be more easily transmissible and might be less effectively targeted by existing vaccines is adding to alarm.
Vaccine maker Moderna said Monday that it will study whether a booster shot would be needed to protect against variants of the coronavirus, “out of an abundance of caution." “Nowadays the market mood