A pedestrian walks past an electronic screen displaying the Hang Seng Index, left, and the Hang Seng China Industry Top Index in Hong Kong. Picture: BLOOMBERG/CHAN LONG HEIAsian stocks edged higher on Tuesday on receding worries about the impact of the Omicron variant while Chinese markets gained after the central bank there eased monetary policy.
The People’s Bank of China said on Monday it would cut the amount of cash that banks must hold in reserve, its second such move this year, releasing the funds in long-term liquidity to bolster slowing economic growth. Shares in embattled developer Evergrande rose 7% after hitting a record low on Monday as markets awaited if the real estate giant has paid $82.5m coupons with a 30-day grace period coming to an end.
Omicron has spread to about a third of US states, but the Delta version accounts for the majority of Covid-19 infections in the US, health officials said on Sunday. Dr Anthony Fauci, the top US infectious disease official, told CNN it does not look as if Omicron has a “great degree of severity”.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets lag as US and European stocks futures riseEarly trade was cautious as MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.5% I'm so happy I took part on this opportunity with LindaStouffes fear didn't want me to proceed at first but I just said to let go and gave it try. may you continue to excel LindaStouffes
Source: BDliveSA - 🏆 12. / 63 Read more »