HONG KONG, Jan 4 ― Asian stocks were firmer today following Wall Street's record highs on its first trading day of 2022, despite worries that the widespread Omicron Covid-19 variant could put the brakes on global economic recovery.Australia's S&P/ASX 200 climbed 1.15 per cent, boosted by energy and mining stocks while Japan's Nikkei 225 gained 1.25 per cent.
Major Wall Street indexes scored record closing highs yesterday, even as the Omicron variant of the coronavirus pushed Covid-19 cases to fresh peaks in the world's largest economy. The Dow Jones Industrial Average rose 0.68 per cent, the S&P 500 gained 0.64 per cent and the Nasdaq Composite added 1.2 per cent.
The benchmark US 10-year yields hit a six-week high to yield 1.6384 per cent, with investors expecting a series of interest rate raises this year to combat rising inflation.
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