
Asian stocks traded lower on Monday on concerns about the impact of elevated inflation and Covid-19 outbreaks on economic prospects.

Global stock markets declined as the Delta variant of the coronavirus threatens a new wave of the pandemic.

Overseas, Asian stocks traded mixed on Wednesday, following overnight gains stateside that saw the tech-heavy Nasdaq Composite rising to a record high

Asian markets traded mostly in red on Monday as investors continue to weigh inflation risks and the strength of the economic recovery.