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Omicron Covid fears continue to weigh on market sentiment

SINGAPORE – Stocks in Asia-Pacific fell on Thursday morning as concerns over the economic impact of the omicron Covid variant continue to weigh on investor sentiment.

The Nikkei 225 in Japan lost 0.82% while the Topix index lost 0.63%. South Korea’s Kospi fell 0.79%.

In Australia, the S & P / ASX 200 fell about 0.6%. Australia’s retail sales and trade data for October is expected to be released Thursday at 8:30 a.m. HK / SIN.

The MSCI’s largest Asia-Pacific stock index outside of Japan traded down 0.22%.

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Stocks on Wall Street saw a sharp reversal overnight after the Centers for Disease Control and Prevention confirmed the first case of omicron in the United States

The Dow Jones Industrial Average lost 461.68 points to 34,022.04 while the S&P 500 lost 1.18% to 4,513.04. The Nasdaq Composite fell 1.83% to 15,254.05.


The US dollar index, which tracks the greenback against a basket of its peers, was at 96.028 after briefly climbing above 96.5 earlier in the week.

The Japanese yen was trading at 112.85 to the dollar, still stronger than the levels above 113.4 seen against the greenback earlier this week. The Australian dollar was at $ 0.7107 after recently falling above $ 0.715.

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