SYDNEY : Asian share markets made a cautious start to the week on Monday ahead of a raft of Chinese data that could confirm a slowdown in the giant economy, as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.
"Asia's low vaccination rates and low tolerance for community spread suggest it is the region most at risk economically from the Delta variant," said JPMorgan economist Bruce Kasman. Wall Street had managed fresh records last week even as a survey showed a shock slump in U.S. consumer sentiment to the lowest since 2011 amid Delta fears.
The euro bounced to US$1.1797 and away from major chart support at US$1.1740, while the dollar recoiled to 109.51 yen from a peak of 110.79.
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