Asia shares ease on worries over China crackdown, COVID-19 spike

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A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-HoonHONG KONG, Aug 17 (Reuters) - Asian shares stumbled on Tuesday, rattled by concerns over China's regulations for its once-freewheeling internet sector and the worldwide spike in COVID-19 infections driven by the Delta variant.Markets were also tracking developments in Afghanistan, with the deteriorating situation in the capital Kabul having eclipsed overnight strength on Wall Street.Chinese regulators issued draft rules on Tuesday for the internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country's powerful tech companies. read more "The news has sent shock waves through the sector and significantly dragged down the stock prices of several internet majors," said Zhang Zihua, chief investment officer at Beijing Yunyi Asset Management. "As the new rules have sev
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