Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Asia-Pacific stocks mixed as uncertainty surrounding omicron variant lingers

by
December 2, 2021
in Trading News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

SINGAPORE — Stocks in Asia-Pacific struggled for direction in Thursday trade, as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment.

Hong Kong’s Hang Seng index rose 0.38%, reversing earlier losses. Shares of Razer in the city, however, dropped more than 12% in choppy trade. The company said a consortium has offered to take it private at 2.82 Hong Kong dollars each, about 5.62% higher than Razer’s Wednesday close.

Mainland Chinese stocks also recovered from earlier declines, with the Shanghai composite up 0.12% and the Shenzhen component edged 0.178% higher.

Elsewhere, the Nikkei 225 in Japan declined 0.6% while the Topix index shed 0.54%. South Korea’s Kospi rose 0.59%.

Over in Australia, the S&P/ASX 200 fell about 0.4%. Australia’s October trade surplus came in at 11.22 billion Australian dollars (about $7.97 billion) on a seasonally adjusted basis, according to official data. That was against expectations in a Reuters poll for an 11 billion Australian dollar surplus for October.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.23% higher.

Wall Street reversal

Stocks on Wall Street saw a sharp reversal overnight after the Centers for Disease Control and Prevention confirmed the first case of omicron in the U.S.

The Dow Jones Industrial Average dropped 461.68 points to 34,022.04 while the S&P 500 declined 1.18% to 4,513.04. The Nasdaq Composite fell 1.83% to 15,254.05.

The CBOE Volatility Index or “VIX,” widely known as Wall Street’s “fear gauge,” surged to 31.12 on Wednesday, as compared with levels below 27 seen earlier in the week.

U.S. stock futures traded in positive territory following the Wednesday drop. Dow Jones Industrial Average futures rose 119 points. S&P 500 futures and Nasdaq-100 futures also both traded in positive territory.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.032 after briefly spiking above 96.5 earlier in the week.

The Japanese yen traded at 113.06 per dollar, still stronger than levels above 113.4 seen against the greenback earlier this week. The Australian dollar was at $0.7114 after recently dropping from above $0.715.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures advanced 0.64% to $69.31 per barrel. U.S. crude futures gained 0.7% to $66.03 per barrel.

ShareTweetPin

Related Posts

Is 1000pip Climber System The Best Forex Signals Provider? A Comprehensive Review

by
October 1, 2023
0

The forex market is a fast-paced environment where traders constantly seek an edge to make profitable decisions. Central to this...

Is Tiller The Best Net Worth Tracker? The Rise of Digital Financial Management

by
October 1, 2023
0

Understanding one’s net worth is more than just knowing how much one has in the bank. It’s a comprehensive snapshot...

Is SoFi Invest The Best Automated Trading Software? Unraveling the Truth

by
October 1, 2023
0

As traditional investment avenues have expanded and evolved, automated trading software and micro-investing apps have become popular. These platforms simplify...

Is StreetBeat The Best Automated Trading Software? Insights from Everyday Traders

by
October 1, 2023
0

Automated trading software offer a seamless blend of technology and strategy. They allow novice and seasoned traders to optimize their...

Is TradingView The Best Automated Trading Software? The Ultimate Analysis Guide

by
October 1, 2023
0

With the rapid advancements in technology, traders now have many platforms at their fingertips catering to their specific needs and...

Next Post

Insider Buying Could Indicate a Bottom in These 2 “Strong Buy” Stocks

This interactive map shows where the Covid omicron variant has been detected

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net