Asian stocks rise as subsides Omicron concerns

© Reuters.

Gina Lee – Asia Pacific stocks rose almost on Tuesday morning and closed high in November as China’s data showed improved factory activity.

China rose 0.30% and 0.21% by 9:15 pm (Greenwich Mean Time 2:15 am).

Hong Kong fell 0.92%.

Japan rose 0.99% and October employment data was 1.15, showing a drop to 2.7%. It also grew 1.1% month-on-month.

South Korea decreased by 0.52%.

In Australia, it surged 1.26%, shrank 12.9% month-on-month and increased 0.5% month-on-month in October. In the third quarter of 2021, it was A $ 23.9 billion ($ 17.06 billion).

According to data released earlier that day, China in November was 50.1, or 52.3. Caixin and PMI will expire later in the week.

However, investors are still monitoring the omliklon variant of COVID-19, which is still being evaluated by scientists. US President Joe Biden warned against panicking about the new variant and said no blockade was needed. Modana (NASDAQ :) Inc. Is already working on vaccine adaptation.

Jason Brady, President of Thornberg Investment Management, told Bloomberg, “We get new variants, we get new waves, but the market, and as we all as investors, how it is. I’ll see if it works. “

“I’m more interested in inflation and potentially rising interest rates, and some of the market leaders in 2020 and 2021 are a little more depressed.”

The discovery of new stocks has already affected overseas travel and could increase inflationary pressure if the supply chain is disrupted.

Federal Reserve Chair Jerome Powell said Monday that Omicron poses risks to both sides of the Federal Reserve’s mission to seek stable prices and maximum employment. However, he did not specify any action and did not show an adjustment in the pace of asset tapering.

Powell will testify later that day at the Senate Banking Commission, which will hold a hearing with US Treasury Secretary Janet Yellen. The pair will testify again the next day at the House Financial Services Commission.

Investors are also waiting for a large number of US data that will start later in the day and expire throughout the week. , And are scheduled for Wednesday, followed by a US job report including on Friday.

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Asian stocks rise as subsides Omicron concerns

Source link Asian stocks rise as subsides Omicron concerns

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