Asia shares slip as investors ready for end of 2021 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Asian stocks slipped on Wednesday, following a mixed Wall Street session as the region’s investors positioned their portfolios for the new year and continued to grapple with increasing global numbers of Omicron coronavirus cases.

There were losses in Hong Kong, down 0.6% hurt by declines in mainland tech stocks while Chinese blue chips shed 0.25%.

There were losses in Hong Kong, down 0.6% hurt by declines in mainland tech stocks while Chinese blue chips shed 0.25%.But in Australia, the ASX 200 was up 1% early in the session even though the country’s most populous state New South Wales announced 11 201 new coronavirus cases. “Typically, at this time of year global investors are starting to rethink their portfolio positions and they are looking at the risks going into 2022,” said Jim McCafferty, Nomura’s joint head of APAC equity research.

The rising Omicron case numbers are not spooking investors as much as first feared given fatality rates have not soared and the prospects of global lockdowns remains slim.

 

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