Global Markets Pared Losses as Investors Assess 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.