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Asia-Pacific markets: investors monitor omicron variant

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SINGAPORE — Stocks in Japan were set to dip Tuesday, as markets stateside pulled back with the S&P retreating from a record. Investors will be watching the omicron variation as it returns to focus.

Japan’s Nikkei futures contract at Chicago stood at 28,545 and its counterpart at Osaka stood at 28,430. Comparing this to the Nikkei 225’sLast closing at 28640.49

Australia’s S&P/ASX 200 lost 0.31% in early trading.

The new Omicron variant was again a warning sign. U.K. confirmed MondayOne patient has been confirmed to have died from the Covid-19 virus. China also reported its first omicron caseAccording to Reuters, it is.

Oxford University published results on MondayTwo-dose Covid vaccines did not produce enough neutralizing antibodies to the new variant. It has not yet been peer-reviewed.

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Overnight, U.S. stocks fell with the S&P falling from a record startThe week before. It dropped 0.9% to 4,668.97. This is about 1.6% below its intraday high. Dow Jones Industrial Average fell 320 points to 35.650.95. Technology-oriented Nasdaq composite fell 1.4%, to 15,413.28. The technology-focused Nasdaq composite fell almost 1.4%, to 15,413.28.

“A growing number of businesses in Europe is encouraging employees to work at home, amid increasing cases. Additional research has shown that two doses (or more) of the mRNA vaccines provide less protection. China also reported Omicron for the first time. “This offset a more bearish view of oil markets from OPEC,” ANZ Research analysts Brian Martins and Daniel Hynes said in a Tuesday memo.

Oil prices fell MondayRenewing doubts regarding the variant

Currencies

It U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.365 — sharply rising from levels around 96.1 earlier in the week.

It Japanese yenThe dollar was traded at 113.57, a decrease of around 113.2 during earlier sessions. The Australian dollarIt was $0.7130 down from $0.715.

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