Investors continue to monitor omicron Covid variants

Singapore — Asia-Pacific stocks fell sharply in trading on Monday as investors continue to monitor surrounding developments. Recently discovered omicron Covid variant..

Hong Kong Hang Seng Index As of the last hour of trading, it was down 0.95%.Hong Kong listed stock of Chinese tech giant Meituan On Friday, the company lost more than 7% after recording a loss of about 10 billion Chinese yuan ($ 1.56 billion) in the three months leading up to September 30.

Share Sun Entertainment Group In Hong Kong South China Morning Post reported The controlling shareholder, Alvin Chau Cheok-wa, was one of a group arrested on suspicion of gambling crimes.Share Sun City GroupChow, CEO, was suspended on Monday for “pending announcements related to news coverage” about Chow.

Mainland China stocks Shanghai Composite Slightly dropped to 3,562.70, SZSE Component Fine-tune to 14,810.20, 0.223% higher.

in Japan, Nikkei 225 The Tokyo Stock Price Index fell 1.84% to 1,948.48, while it fell 1.63% to close at 28,283.92.Korean KOSPI It fell 0.92% and closed at 2,909.32.

Australian stocks too S & P / ASX 200 It was 7,239.80, down 0.54% on the day.

MSCI’s widest non-Japanese Asia Pacific stock index fell 0.37%.

Stock Selection and Investment Trends from CNBC Pro:

Elsewhere U.S. stock futures have risen Following the big sellout on Friday, the investor state side also monitored the latest developments related to the omicron variant.

The global market fell late last week as the World Health Organization (WHO) labeled the Omicron Covid strain as a “variant of concern.” In Asia Both the Nikkei 225 in Japan and the Hang Seng Index in Hong Kong fell by more than 2% on Friday...

“It’s definitely going to be a little more annoying in the future,” John Bale, chief global strategist at Nikko Asset Management, told CNBC’s “Squawk Box Asia” Monday.

“This variant may not seem as scary as the market thought on Friday, but it still needs to shake off some of the over-risk-taking and perhaps some of the world’s over-consumption. Yes, people will be a little more cautious. “

WHO said in a statement on Sunday It was still unclear whether infection with the Omicron covid mutant would cause more serious disease compared to other strains, including Delta.

Travel stocks fall

Travel stocks were hit by trading on Monday and added to the losses seen on Friday.

in Japan, Japan Airlines Down 3.98% ANA Holdings It decreased by 4.09%.Australian Qantas Share fell 2% Cathay Pacific In Hong Kong it was down 3.85%. In Singapore Singapore Airlines It decreased by 2.57%.

These losses are due to multiple countries, including the United States and the United Kingdom. Announced restrictions on travelers From southern Africa following the discovery of the Omicron mutant. In Asia, Prime Minister Fumio Kishida has announced that foreign tourists will be banned from entering the country from November 30, according to Reuters.

Oil and Bitcoin prices rebound

Crude oil prices were high in the afternoon of Asian trading hours, After falling 13% on Friday, the worst day of the year.

International benchmark Brent crude oil futures It was $ 75.57, up 3.92% per barrel. US Crude Oil Futures $ 71.38, up 4.74% per barrel.

Bitcoin prices have also risen and recovered After the plunge on Friday.. Cryptocurrencies were trading at $ 57,602.67 as of 2:04 am on Monday, according to Coin Metrics data.

Spot gold It fell from over $ 1,800 at the end of last week, but traded at $ 1,793.06 per ounce.

NS JPYIs widely recognized as a safe currency and traded at 113.33 per dollar after soaring above 114.8 against the greenback late last week.

NS US dollar indexTracking greenbacks against baskets from other companies in the same industry was 96.218, after recently surpassing 96.4.

NS Australian dollar Last week it fell from over $ 0.725 and changed hands at $ 0.714.

Investors continue to monitor omicron Covid variants

Source link Investors continue to monitor omicron Covid variants

Back to top button