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Asian markets fall steeply

TOKYO: Asian markets sank again on Wednesday, tracking another sell-off on Wall Street as figures indicating US consumer inflation slowed last month were unable to overcome concerns about the impact of the Delta variant on the global recovery outlook.

After a bright start to the month, equities around the world have gone into reverse in recent sessions as confidence is shaken by the virus with a number of countries seeing a worrying jump in new cases that have forced some, including China, to reimpose tough containment measures.