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Tuesday, April 23, 2024

Asian shares slide as virus casts shadow over recovery

Shares have fallen in Asia after Wall Street closed lower for a second straight day, led by drops in technology companies and banks

BANGKOK — Shares skidded in Asia on Wednesday after Wall Street closed lower for a second straight day, led by drops in technology companies and banks.

On Tuesday, the S&P 500 gave back 0.7%, pulling the index further below the record high it set on Friday. Small-company stocks, which have been beating the rest of the market in recent months, fell more than other sectors.

Asian governments are scrambling to secure supplies of COVID-19 vaccines after seeing infection numbers surge in recent weeks. The…

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