JOE McDONA LDAP Business Writer
Beijing (AP) —The Asian stock market was disrupted on Thursday after a turbulent day on Wall Street as traders sought to predict the effects of the Omicron variant of the coronavirus.
Shanghai and Tokyo fell, Hong Kong and Seoul moved forward.
Wall Street’s Benchmark S & P 500 Index rose 1.2% early Wednesday after rising 1.9%. It was despite a November survey showing that US employment and factory activity was better than expected.
The market was down when the White House announced the discovery of the first Omicron incident in the United States. It’s unclear if Omicron is more dangerous, but the government has responded by tightening travel regulations, fueling concerns about the outlook for a global economic recovery.
IG’s Yeap Jun Rong said the latest data “shows optimism about the economic situation, but seems to be postponed because varieties of Omicron can change the situation.”
The Shanghai Composite Index fell 0.3% to 3,567.70 and the Nikkei 225 in Tokyo fell 0.7% to 27,760.67. Hong Kong’s Hang Seng Index rose less than 0.1% to 23,680.79.
Seoul’s Kospi rose 1% to 2,930.31 and Sydney’s S & P-ASX 200 fell 0.1% to 7,227.90. Markets in New Zealand and Southeast Asia have receded.
Asian markets are mixed after Wall St decline and virus insecurity | National News
Source link Asian markets are mixed after Wall St decline and virus insecurity | National News