Asia-Pacific stocks were mixed. Investors have evaluated the impact of the omicron option. Chinese stocks have caused losses in the region’s major markets. Shanghai Composite closed at 3,597 and fell 0.91% overall. The Shenzhen component arrived at 14,653.82 and fell 1.24%. The Hang Seng Index fell about 1% in the last trading hour.
The Nikkei 225 closed at 28.906.88 and fell 0.56% overall. The Topix index ended the trading day at 1.998.99 and fell 0.3%. Kospi fell to 2,993.29, up 0.89% per day. Australian stocks have risen. The S&P/ASX 200 closed at 7509.80 and jumped 1.21% in total. The Straits Times index also rose 0.34%. MSCI’s broadest Asia-Pacific stock index fell 0.41%.
Asia-Pacific investors continued to monitor the Omicron option. Research has shown that the immune response of people infected with the Omicron variant increases quadruple protection against delta. The S&P 500 fell 0.1% to 4,786.35. The Nasdaq Composite was down 0.578% at 15.781.72. Dow Jones Industrial Average rose to 36,398.21, by 95.83 points.
The US dollar index was at 96,231, after falling from 96. The Japanese yen traded at $114.89. The Australian dollar traded at $0.722, up from $0.725 after the last drop.
Oil prices were higher during Asian trading hours. Brent’s international benchmark was up $79.11 a barrel. US crude oil futures reached $76.08 a barrel, up 0.13%.
Shares and Omicron Anxiety
The Stoxx Europe 600 Index reached another record. Technology stocks have fallen. After a 17% jump in global equities, investors spend the year booking some profit. Significant risks in 2022 include tightening the Federal Reserve, the coronavirus, and the prospect of China. Omicron’s fears are diminishing due to growing evidence.
Cases of Omicron in the US and Europe are still growing. However, its effect is not pronounced in economic data. Market activity has declined significantly for the holiday season. Crude oil approached a one-month high hoping that a global recovery could defeat the omicron. Iron ore futures in China and Singapore fell for the third day. Bitcoin was about $48,000 after the drop. This indicated a decrease in the propensity for most speculative assets.
Shares in Japan fell. Technology stocks have rebounded in China and Hong Kong. In China, sentiments are declining due to Beijing’s tighter oversight over the sale of shares abroad and the economic risks of slowing down property. It is expected that the government will add an incentive for stable expansion next year.
According to the latest US data, the Richmond Fed production survey rose in December, which surpassed estimates. Rising house prices in the US have moderately declined since rising during a pandemic in October. Early 2022 – The Fed plans to raise rates, which will change markets. Elon Musk continued to unload shares of Tesla, selling more than $1 billion worth of shares.
Hong Kong Stocks
Hong Kong shares fell, ending a five-day profit streak, with Beijing scrutinizing the sale of shares overseas damaged Chinese technology supplies in the city. Hang Seng’s most significant drop was the Meituan, which fell 3.3 percent to HK $216. Alibaba Group fell 2.6 percent, Tencent Holdings lost 1.2 percent.
On Monday, Beijing announced regulations banning companies from making foreign investments in sensitive industries- This caused a stir in China’s internet sector, which pushed the technical index to its lowest level. The market value of about $760 billion has been erased since the end of June when the Chinese government launched a cyber security investigation on Didi Global. Shares of Aoyuan fell 9.7 percent, the lowest since February 2016.
Country Garden lost 2.3 percent, while its services division fell 4.3 percent. Also, the Chinese artificial intelligence firm SenseTime will start trading in Hong Kong for the first time on Thursday. This will be the biggest IPO in the city since September.
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