Stock markets in the Asia-Pacific region are moving upwards on Tuesday, erasing yesterday’s losses, with investors continuing to weigh the developments regarding the Omicron mutation.
The spread of the new mutant strain has cast its shadow over the festive holiday season, as several countries around the world are already reinstating restrictive measures to stem the new wave of coronavirus outbreaks.
Markets fell on Monday as growing concerns about Omicron worsened the investment climate.
However, Asia today is showing a positive reaction with the Nikkei 225 in Japan to recover from yesterday’s session with a rise of 2.03%, while the Topix index adds 1.67%. In South Korea, Kospi is up 0.41%.
On the mainland China Shanghai Composite gains 0.4% and Shenzen strengthens marginally. The Hang Seng index at Hong Kong adds 0.54%.
In Australia The S & P / ASX 200 index increased by 0.78%.
The broader MSCI Asia-Pacific Index traded at + 0.73%.
The semiconductor industry is strengthening today, as Micron announced stronger-than-expected earnings in the quarter. The US listed company gained about 7% in post-conference trading.
In Japan, Tokyo Electron jumped almost 4%, while Advantest gained 4.31%.
In South Korea, Samsung Electronics added 1.17%, while SK Hynix rose 2.9%. The Hong Kong-listed SMIC is up more than 1%.
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