Asian equity benchmarks traded mixed in early deals on Thursday, as the investments saddened after Omicron variant cases been reportedly identified in 20 counties raising mayhem. The United States also confirmed its first case of the new variant overnight. Growing concerns about the efficacy of Covid-19 vaccines against the Omicron variant, also limited gains. However, bargain hunting at prevailing levels lifted some indices to positive territory. Technological and financial shares were majorly mixed in the session. Japan’s Nikkei treated in the session pressured down with the negative cues in Wall Street overnight, and on profit booking after modest gains in the previous session. Among the Asian stocks, Hong Kong, Taiwan, South Korea, and Indonesia are in positive territory. Bucking the trend, China, Japan, Singapore, and Malaysia are trading lower.
Hang Seng up by 51.42 points or 0.22% to 23,710.34, Taiwan Weighted rose by 95.28 points or 0.54% to 17,681.27, KOSPI lifted by 44.52 points or 0.68% to 2,932.58, and Jakarta Composite climbed by 60.28 points or 0.93% to 6,567.96.
On the flip side, Nikkei 225 down by 94.78 points or 0.34% to 27,840.84, Straight times narrowed by 5.95 points or 0.19% to 3,092.30, Shanghai Composite curtailed by 0.39 points or 0.001% to 3,576.50 and FTSE Bursa Malaysia KLCI dipped by 2.89 points or 0.19% to 1,494.04.
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