Asian markets mixed after Wall St decline, virus unease
ABC News
Asian stock markets are mixed after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus’s omicron variant
BEIJING -- Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant.
Tokyo and Sydney fell while Hong Kong and Seoul advanced. Shanghai was unchanged.
Wall Street's benchmark S&P 500 index ended down 1.2% on Wednesday after gaining 1.9% earlier in the day. That was despite surveys showing U.S. hiring and factory activity in November were better than expected.
Markets were sliding when the White House announced the discovery of the first omicron case in the United States. It is unclear whether omicron is more dangerous than other variants, but governments have responded by tightening travel controls, fueling unease about the outlook for a global economic recovery.
