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Asia stocks, oil struggle as Omicron worries weigh

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TOKYO : Asian stock markets were generally weaker with U.S. crude in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVI

TOKYO : Asian stock markets were generally weaker with U.S. crude in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.

In Asia, China reported its highest daily rise in local COVID-19 cases in 21 months over the weekend as infections more than doubled in the northwestern city of Xian, the country's latest COVID hot spot.Mainland Chinese shares, though, were mixed, with Shanghai's benchmark sliding 0.37per cent but an index of blue chips edged 0.05per cent higher.

 

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