Asian markets mixed after Wall St decline, virus unease

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, Dec. 2, 2021. Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impac
Image Icon
The Associated PressA man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Thursday, Dec. 2, 2021. Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus’s omicron variant. (AP Photo/Kin Cheung)

BEIJING — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus’s omicron variant.

Shanghai and Tokyo fell while Hong Kong and Seoul advanced.

Wall Street’s benchmark S&P 500 index ended down 1.2% on Wednesday after gaining 1.9% earlier in the day. That was despite surveys showing U.S. hiring and factory activity in November were better than expected.

Markets were sliding when the White House announced the discovery of the first omicron case in the United States. It is unclear whether omicron is more dangerous than other variants, but governments have responded by tightening travel controls, fueling unease about the outlook for a global economic recovery.

The latest data “painted an optimistic picture for economic conditions, but that seems to be taking a backseat as the omicron variant can potentially shift the landscape,” said Yeap Jun Rong of IG in a report.

The Shanghai Composite Index lost 0.3% to 3,567.70 and the Nikkei 225 in Tokyo sank 0.7% to 27,760.67. The Hang Seng in Hong Kong gained less than 0.1% to 23,680.79.

The Kospi in Seoul surged 1% to 2,930.31 while Sydney’s S&P-ASX 200 lost 0.1% to 7,227.90. New Zealand and Southeast Asian markets retreated.

The S&P 500 fell to 4,513.04. The Dow Jones Industrial Average declined 1.3% to 34,022.04. The Nasdaq slid 1.8% to 15,254.05.

The S&P 500 on Friday turned in its biggest loss since February, sliding 2.3%. It rose 1.3% on Monday and gave up 1.9% on Tuesday.

On Wednesday, the Institute for Supply Management reported U.S. manufacturing growth activity accelerated faster than expected in November. Payroll processor ADP said employers hired more people than expected. That might raise expectations for Friday’s U.S. government jobs data.

Investors already were rattled after Federal Reserve chairman Jerome Powell said Tuesday the U.S. central bank might withdraw stimulus sooner than expected due to persistently high inflation.

The Fed’s bond purchases are injecting money into the financial system, boosting stock prices. The S&P500 has more than doubled since March 2020.

In energy markets, benchmark U.S. crude rose 64 cents to $66.21 in electronic trading on the New York Mercantile Exchange. The contract fell 61 cents on Wednesday to $65.57. Brent crude, the price standard for international oils, gained 68 cents to $69.55 per barrel in London. It lost 36 cents the previous session to $68.87.

The dollar gained to 113.02 yen from Wednesday’s 112.79 yen. The euro advanced to $1.1332 from $1.1319.

News Related


Jack Nowell should be given another chance to shine for England at No 13

© Provided by The Guardian Photograph: Dan Mullan/Getty Images As has often been the case in the past, England’s biggest selection conundrum for the Six Nations comes in midfield. The ... Read more »

From Chris Gayle to Ben Stokes: Star Players Unavailable For IPL 2022 Auction

© Provided by News18 From Chris Gayle to Ben Stokes: Star Players Unavailable For IPL 2022 Auction The 2022 IPL auction is around the corner and the players have already ... Read more »

Ex-Spurs LaMarcus Aldridge, Patty Mills ‘touched' by tribute

SAN ANTONIO — The triumph by the Nets had Patty Mills and LaMarcus Aldridge smiling. The tribute from the Spurs had them crying. The pair, on Friday night, made their ... Read more »

NYers bet $600 million in mobile sports gambling launch

New York‘s $603 million in bets during the launch amounts to $67 million per day in wagering, as New Jersey previously set the US record for bets in a month ... Read more »

‘Bersama kita doakan Allah lindungi negarawan kita', Peja mohon doa rakyat untuk Dr M

© Provided by Free Malaysia Today Dr Mahathir Mohamad sebelum ini dimasukkan ke IJN pada 7 Jan dan dibenarkan keluar pada 13 Jan lalu. PETALING JAYA: Menteri Belia dan Sukan ... Read more »

State to end blanket payouts as Covid restrictions are scrapped

© Reuters Covid supports to households and businesses are now set to be phased out rapidly in line with the decision to scrap pandemic-related restrictions. The Pandemic Unemployment Payment (PUP) ... Read more »

Lucas misses out, formation dilemma - The Tottenham team Antonio Conte should pick vs Chelsea

The meetings against Chelsea just keep on coming for Antonio Conte and Tottenham as they face their London rivals for the third time this month on Sunday. Drawn against each ... Read more »

How Ozark avoided the Netflix scrap heap and became better than Breaking Bad

Netflix’s crime drama Ozark was not the most promising proposition on TV when it began, back in the innocent prelapsarian days of 2017. It seemed to draw too obviously on ... Read more »

Lolo, caretaker agreed to settle case over theft of mangoes —Lacson

Viral lolo: I just wanted to sell mangoes to buy food The 80-year-old man who was arrested for allegedly stealing mangoes and the caretaker of the property in Pangasinan have ... Read more »

Charlene White: My daughter’s love for her doll was a good reminder to pick your feminist battles

One thing that was a constant in my world growing up (and continues in adulthood) is that I was always surrounded by independently minded, strong and passionate women. Both my ... Read more »

Sportliches Familienfahrzeug mit 320 PS - VW Arteon R Shooting Brake im Zugwagen-Test

Der VW Arteon R Shooting Brake vereint eine wilde Mischung aus Sportwagen, Coupé und Familienkutsche. Dabei schleppt er sogar dicke Brocken. © Andreas Becker Diese wilde Mischung aus Sportwagen, Coupé ... Read more »

Covid news - live: New Omicron sub-variant ‘investigated’ as ministers ‘consider delaying’ NHS vaccine mandate

LIVE – Updated at 07:55 Health authorities are investigating a sub-variant of Omicron after it was found to have caused hundreds of coronavirus cases in England. Some 426 cases of ... Read more »

Monkeys missing after lab transport truck crashes

Several monkeys are missing after a truck carrying about 100 of the creatures to a laboratory was involved in a crash Friday in Pennsylvania. Authorities are searching for at least ... Read more »

Unsatisfied students ‘should apply for refunds from universities’ - minister

© PA Wire Universities regulation Universities Minister Michelle Donelan has encouraged students to apply for refunds on courses if they are unsatisfied. Ms Donelan said students should “absolutely” apply for ... Read more »

GMA Network statement on Bongbong Marcos' reason for not joining 'The Jessica Soho Presidential Interviews'

GMA Network Center thumbnail GMA Network takes exception to the statement of the camp of former senator Ferdinand “Bongbong” Marcos, Jr. that Kapuso news pillar Jessica Soho is supposedly biased ... Read more »

Bloomberg: multi-billion dollar offer for major department store chain Kohl's

Photo: ANP The major American department store chain Kohl’s has received a takeover offer worth about $ 9 billion, converted almost 8 billion euros, from a group of investors. Insiders ... Read more »

Bitcoin rumbles further down: 25% fall in new year

On crypto platform Coindesk, bitcoin sees another 10% of its value evaporate to a position of $35,580 around 8 a.m. (Dutch time). This means that the digital currency has returned ... Read more »

SOS-Tipp: So gelingen geschwungene Wimpern ohne Wimpernzange

Keine Wimpernzange zur Hand, doch auf den schönen Schwung der Wimpern wollen Sie nicht verzichten? Mit diesen Alternativen klappt’s genauso gut © GETTY IMAGES Der perfekte Augenaufschlag gelingt auch mal ... Read more »

Diese Schuhe passen am besten zu schwarzen Kleider-Trends

© Getty Images Kleider-Trends: Welche Schuhe perfekt zu schwarzen Dresses passen Getty Images Coco Chanel trug es. Audrey Hepburn trug es auch. Und Prinzessin Diana sowieso. Die Rede ist – ... Read more »

Boris Johnson’s populism may be muted, but it is still accelerating Britain’s decline

Defenders of Boris Johnson are telling mutinous Tory MPs not to focus solely on the dolce vita lifestyle enjoyed in No 10 when the rest of the population was locked ... Read more »

Blick-Umfrage bei den 20 grössten Spitälern: Fast nur Delta-Patienten auf den Schweizer Intensivstationen

Dass Omikron ungefährlicher ist als andere Corona-Varianten, vermuten Experten schon lange. Eine Blick-Umfrage in den Spitälern bestätigt dies nun: Auf den Intensivstationen liegen fast nur Delta-Patienten! © Keystone Fast nur ... Read more »

‘We can't keep going like this': Retailers struggle to survive Omicron wave

The last time consumers were this pessimistic about the economy, the Soviet Union had just collapsed, acid-wash jeans were in, and Shane Warne was making his Test debut. Needless to ... Read more »

‘We’re basically starting from zero’: Restoring Finland’s river ecosystems

Chopping down trees is not how most people would expect a river restoration project to begin, but Janne Raassina – who is expertly using a chainsaw to take down four ... Read more »

NT Police investigate a suspicious death in Mutitjulu, near Uluru in Central Australia

© Provided by ABC NEWS Mutitjulu is located at the eastern end of Uluru in Central Australia. (ABC News: Neda Vanovac) Northern Territory police say they are are investigating the suspicious death of ... Read more »

Cent. Conn. St. visits Mount St. Mary's after Offurum's 22-point game

Central Connecticut State Blue Devils (5-15, 2-5 NEC) at Mount St. Mary’s Mountaineers (7-12, 3-4 NEC) Emmitsburg, Maryland; Sunday, 2 p.m. EST BOTTOM LINE: Mount St. Mary’s plays the Central ... Read more »

Fernandes leads UMass against Saint Louis after 24-point showing

UMass Minutemen (8-9, 1-4 A-10) at Saint Louis Billikens (11-6, 2-2 A-10) St. Louis; Sunday, 2:30 p.m. EST BOTTOM LINE: UMass plays the Saint Louis Billikens after Noah Fernandes scored ... Read more »

Audige leads Northwestern against No. 4 Purdue after 23-point showing

Northwestern Wildcats (9-7, 2-5 Big Ten) at Purdue Boilermakers (15-3, 4-3 Big Ten) West Lafayette, Indiana; Sunday, 1 p.m. EST BOTTOM LINE: Northwestern visits the No. 4 Purdue Boilermakers after ... Read more »

Monmouth hosts Manhattan after Perez's 32-point performance

Manhattan Jaspers (10-5, 3-3 MAAC) at Monmouth Hawks (11-6, 3-3 MAAC) West Long Branch, New Jersey; Sunday, 2 p.m. EST BOTTOM LINE: Manhattan visits the Monmouth Hawks after Jose Perez ... Read more »

Youngstown State visits Purdue Fort Wayne after Cohill's 20-point outing

Youngstown State Penguins (10-9, 4-5 Horizon) at Purdue Fort Wayne Mastodons (10-8, 5-4 Horizon) Fort Wayne, Indiana; Sunday, 2 p.m. EST BOTTOM LINE: Youngstown State plays the Purdue Fort Wayne ... Read more »

Rider visits Niagara following Hammond's 21-point showing

Rider Broncs (5-12, 1-6 MAAC) at Niagara Purple Eagles (8-9, 3-5 MAAC) Lewiston, New York; Sunday, 1 p.m. EST BOTTOM LINE: Niagara hosts the Rider Broncs after Marcus Hammond scored ... Read more »

Post-Soviet states increase arms deliveries amid COVID-19 pandemic

© Provided by The Financial Express The BMP-1 infantry fighting vehicle is still popular. (Image: Anthony Bell) By Anthony Bell The post-Soviet states have maintained their arms deliveries amid the ... Read more »

Tulsa plays Memphis following Jackson's 21-point game

Memphis Tigers (9-8, 3-4 AAC) at Tulsa Golden Hurricane (6-10, 0-5 AAC) Tulsa, Oklahoma; Sunday, 3 p.m. EST BOTTOM LINE: Tulsa takes on the Memphis Tigers after Darien Jackson scored ... Read more »

Aspirational districts now eliminating barriers to progress, says PM Modi during interaction with DMs

© Provided by DNA Aspirational districts are now eliminating the barriers to the progress of the country and they have become accelerators for growth instead of impediments, Prime Minister Narendra ... Read more »

Eleksyon 2022 bets should commit to participate in Comelec debates —Jimenez

© Tina Panganiban-Perez Commission on Elections spokesperson James Jimenez at press briefing before mock elections, Dec. 29, 2021. Photo by Tina Panganiban-Perez Commission on Elections spokesperson James Jimenez on Saturday ... Read more »

China's success taming virus could make exit strategy harder

The Associated PressA resident holds up a tube and swab to get tested at a nuclei test station in Beijing, China, Friday, Jan. 21, 2022. The sweeping “zero-tolerance” policies that ... Read more »

Russia toughens its posture amid Ukraine tensions

The Associated PressFILE – In this image taken from video and released by Russian Defense Ministry Press Service, Russian army’s self-propelled howitzers fire during military drills near Orenburg in the ... Read more »

The Latest: No. 2 Medvedev into 4th round at Australian Open

MELBOURNE, Australia (AP) — The Latest at the Australian Open on Saturday (all times local): © Provided by The Canadian Press 6:30 p.m. Daniil Medvedev didn’t mind the crowd reaction ... Read more »

Elektro-Camper made in USA - Thor Vision Vehicle und Winnebago eRV (2022)

© Winnebago Inc. Winnebago präsentiert auf der Florida RV Supershow im Januar 2022 seinen e-RV Concept. Bei der Florida RV Supershow im Januar 2022 gibt es gleich zwei Weltpremieren zum ... Read more »

DTM-Legende Ravaglia: Wieso er den BMW M4 GT3 nach drei Runden abstellte

Sollte es tatsächlich dazu kommen, dass das Ceccato-Team von Teammanager Roberto Ravaglia 2023 in die DTM einsteigt, dann wird die 64-jährige Tourenwagen-Legende gewiss nicht hinterm Steuer sitzen. Dennoch durfte der ... Read more »

Australian Open 2022, Day 6, Tennis Live Score and Updates: Halep, Medvedev Dominate; Sabalenka, Tsitsipas Through

© Provided by News18 Australian Open 2022, Day 6, Tennis Live Score and Updates: The sixth day of the first Grand Slam of the year saw all of Daniil Medvedev, ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic