Lola Evans
02 Dec 2021, 14:36 GMT+10
SYDNEY, NSW, Australia - Asian stock markets were wary on Thursday after major falls on local markets and overseas over the uncertainty brought about by the Omicron variant.
There were only modest moves in either direction on Asian bourses, with traders describing Thursday's market action as 'choppy' and 'flat.'
"All that anyone can do at the moment is wait for each headline as it breaks, as there are a series of outstanding questions about the new variant that remain largely unanswered and will remain unanswered for days or weeks," Kyle Rodda an analyst at Melbourne brokerage IG markets was quoted as saying by Reuters on Thursday.
"This is the first time in a really long time when markets haven't taken a bad development as another excuse to buy stocks expecting an increase in liquidity from the Fed," he added.
At the close of trading, the Australian All Ordinaries was down 23.70 points or 0.09 percent to 7,536.10.
In Tokyo, the Nikkei 225 lost 182.25 points or 0.65 percent to 27,753.31.
China's Shanghai Composite barely moved, losing 3.5 points or 0.01 percent to 3,573.04.
The Hang Seng in Hong Kong let go 130.01 points or 0.55 percent to 27,788.93.
The U.S. dollar was little changed during the Asian trading zone. The euro however crept a little higher to 1.1320. The British pound edged up to 1.3303. The Japanese yen softened to 113.20. The Swiss franc edged up to 0.9209.
The Canadian dollar was a fraction higher at 1.2788. The Australian dollar fell to 0.7108. The New Zealand dollar was little changed at 0.6818.
Overnight on Wall Street, the Dow Jones dived 461.68 points or 1.34 percent to 34,022.04.
The Nasdaq Composite gave up 283.64 points or 1.83 percent, to close Wednesday at 15,254.25.
The Standard and Poor's 500 shed 53.91 points or 1.18 percent to 4,513.04.
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
KATHMANDU, Nepal - While the Ministry of Finance has begun repaying interest on the loans for the planes, a batch ...
WASHINGTON D.C.: Providing relief to drivers in the United States, the average retail gasoline price in the US fell below ...
NEW YORK CITY, New York: Walmart could sign a deal with Disney, Paramount, or Comcast, with the aim of breaking ...
MILAN, Italy: Milano Today has reported that seven years after launching in the country, American pizza giant Domino's has now ...
NEW YORK, New York - U.S. investors again plowed into stocks on Friday, many convinced inflation has peaked."Markets certainly got ...
TOKYO, Japan: Toyota has advised the owners of its BZ4X electric SUV to stop driving their vehicles and return them ...