A surge in Covid-19 cases has reignited fears of economic disruption, prompting a risk-off mood among investors. The spike comes just as markets were attempting to consolidate after a strong run-up. While no single factor is solely responsible, the rise in infections, weak cues from Asian markets, and a round of profit booking all appear to be weighing on sentiment.

A surge in Covid-19 cases has reignited fears of economic disruption, prompting a risk-off mood among investors. The spike comes just as markets were attempting to consolidate after a strong run-up. While no single factor is solely responsible, the rise in infections, weak cues from Asian markets, and a round of profit booking all appear to be weighing on sentiment.