Omicron Covid fears continue to weigh on market sentiment

SINGAPORE – Shares in the Asia-Pacific fell in trading on Thursday morning, as concerns about the economic impact of the omicron Covid variant continue to weigh on investor sentiment.

The Nikkei 225 in Japan fell 0.82% while the Topix index fell 0.63%. South Korea’s Kospi fell 0.79 percent.

In Australia, the S & P / ASX 200 fell approx. 0.6%. Australia’s retail and trade data for October are set to be out at 8:30 HK / SIN on Thursday.

MSCI̵[ads1]7;s broadest index for Asia-Pacific equities outside Japan traded 0.22% lower.

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Shares on Wall Street saw a sharp reversal overnight after the Centers for Disease Control and Prevention confirmed the first case of omicron in the US

The Dow Jones Industrial Average fell 461.68 points to 34,022.04 while the S&P 500 fell 1.18% to 4,513.04. The Nasdaq Composite fell 1.83% to 15,254.05.


The US dollar index, which follows the dollar against a basket of its peers, was 96.028 after a brief rise of 96.5 earlier this week.

The Japanese yen traded at 112.85 per dollar, still stronger than levels above 113.4 against the dollar earlier this week. The Australian dollar was at $ 0.7107 after a recent fall of over $ 0.715.

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