Hong Kong — Asian stocks were firmer on Tuesday after Wall Street’s record highs on its first trading day of 2022, despite worries that the widespread Omicron Covid-19 variant could put the brakes on the global economic recovery.
Major Wall Street indices scored record closing highs on Monday, even as the Omicron variant of the coronavirus pushed Covid-19 cases to fresh peaks in the world’s largest economy. The Dow Jones Industrial Average rose 0.68%, the S&P 500 gained 0.64% and the Nasdaq Composite added 1.2%. The benchmark US 10-year treasuries hit a six-week high to yield 1.6384%, with investors expecting a series of interest rate raises this year to combat rising inflation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: