Asian markets mixed: What does this mean for investors?

Asian stock markets are back in choppy waters amid uncertainty caused by concerns on how much damage the Omicron variant of Covid-19 will cause the global economy.

Major indices in the region have mainly fallen this week with a few exceptions, such the Shanghai Composite, which added 0.2% on Tuesday. The mixed market reaction comes as analysts struggle to reach a consensus about how the new strain will make an impact.

Some argue that it will have a reduced fallout, compared with last year, as more people are vaccinated than ever before. But the vaccination rollout rate differs considerably by country across the region – for example, it’s about 77% in Japan, 50% in Vietnam and 35% in Indonesia.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *