Asian equities rally stalls on lingering economic uncertainty

Asian markets were mixed Wednesday as a rally over the previous two days ran out of steam on profit-taking, with investor confidence also tempered by ongoing worries about the long-term damage that lockdowns are having on the global economy. Oil markets were flat, after snapping a four-day rally Tuesday on profit-taking, with uncertainty about the economic outlook offsetting optimism over the lifting of lockdowns and huge output cuts by the…