Asian share markets higher despite Omicron threat - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Asian share markets were gaining ground on Wednesday as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron variant cases around the world.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.6%, after US stocks ended the previous session with gains.

A better night on Wall Street provided the positive lead for Asian markets with a sharp rebound in sentiment for US stocks. The variant, first detected last month, is causing infections to double in 1.5 to 3 days, according to the World Health Organisation.However, Asian investors were mostly overlooking the current rise in case numbers. “Clients are still happy to buy here despite the obvious risks both market- and health-related, mostly they are adding to their existing positions,” said John Milroy, an Ord Minnett advisor in Sydney told Reuters.

“I would say investors are looking through the case numbers as long as production capacity in China is not impacted,” he told Reuters.

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:

 /  🏆 37. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

After being scammed over R6,600, A friend introduce me to this bitcoins expert trader Lisaberry76 I though he was also fake and started with R5000 in 7 days I received my profit of R56,000 thanks to Lisaberry76

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines