The sign is positive in most Asian markets after last night’s rally on Wall Street, as investors turn their attention to the spread of the new variant of the coronavirus and the measures taken by governments to reduce it.
The Nikkei 225 in Tokyo was up 1%, the Hang Seng in Hong Kong was down 0.52%, the Shanghai Composite was up 0.6%, the Kospi in Seoul was up close to 1% and the ASX / S & P in Sydney was up increase 0.3%. The Straits Times in Singapore rose 0.43%, while in Taiwan it fell slightly by 0.16%.
Chinese tech giant Didi Global has announced that it will exit the NYSE market and start trading in Hong Kong as the ruling Communist Party tightens control over tech companies.
The US Securities and Exchange Commission has moved to require US-listed foreign equities such as Didi to disclose details of its ownership structures and audit reports, which could lead to some of them going out of business.
Analysts also comment that the recent rise in markets may prove short-lived.
“The initial indications are not promising, given the rising rate of cases in South Africa and the fact that Omicron is already appearing in many countries,” said an Oanda analyst.
“Investors can hope for positive news about the vaccine’s effectiveness against the new strain and take advantage of these levels before it is too late. If the news they are hoping for does not come, we could see a new downturn,” he said. movement”.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
