Global Markets Pared Losses as Investors Assess Impact of Omicron

Global markets are advanced on Tuesday, however risk mode is still on as investors assessing impact of omicron

Asian markets closed down on a positive momentum on Tuesday retreating sharply from Monday’s loss as investors priced quicker than expected growth in Asia relative to emerging economies.

Japan reportedly to raise GDP forecast, a local Japanese news paper reported.

The SET, KOSPI, TOPIX, CSI300 and HSI closed inching up by 0.40%, 0.41%, 1.47%, 0.68% and 1% respectively.

U.S future in the red on early Tuesday opening with S&P500 in the red down by 1.13%. However, European markets are on rise despite talks of possible lockdowns. Stoxx 600 is trading up by 0.71%.

Oil futures are stable as investors yet to draw on a conclusion on omicron impact on global economy. The WTI crude oil is trading up by 0.68% to $69.28 and the Brent is trading up by 0.66% at $71.97.


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