A man walks past screens displaying market data at CMC Markets in London, the UK. Picture: REUTERS/JOHN SIBLEYAsian share markets weakened sharply in late trading on Tuesday, giving up earlier gains as investors worried the Omicron variant will prove more resistant to vaccines and could cause more widespread global economic disruption.
“It’s not good news, and it’s coming from someone who should know,” said Commonwealth Bank of Australia currency strategist Joe Capurso. “Markets have reacted in exactly the way you’d expect them to with Aussie and kiwi taking the brunt.” “In the near term, there is a lot of uncertainty and the markets are starting to price in some level of risk,” said Jack Siu, Credit Suisse’s chief investment officer for Greater China. “Essentially the recovery should stay under way but we are in an environment of volatility.”Japan’s Nikkei retraced all of its 1.2% gains notched earlier in the session and turned negative later on Tuesday.
Activity in China’s services sector grew at a slightly slower pace in November, official data showed on Tuesday, as the sector took a hit from fresh lockdown measures as authorities raced to contain the latest outbreak. “There are so many unknowns about Omicron and the market has been jumping at shadows,” said James Rosenberg, a Sydney-based financial adviser at EL&C Baillieu said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE faces muted Asian markets on Monday as investors eye OmicronOil prices recovered 4%, but concerns that Covid-19 will persist have been pummelling global markets since Friday For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE faces muted Asian markets on Monday as investors eye OmicronOil prices recovered 4%, but concerns that Covid-19 will persist have been pummelling global markets since Friday For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: BDliveSA - 🏆 12. / 63 Read more »
Implats makes R43bn buyout offer for RBPlatImpala Platinum has tendered R150 per share, having already acquired a stake of almost a quarter NAZEEM_G8 come look here, what did I tell you and this is after Northern Platinum offered to buy single share at R 150 🤔😂😂😂😂😂😂😂😂😎
Source: BDliveSA - 🏆 12. / 63 Read more »
Implats grabs new chance to build RBPlat stakeImpala Platinum has tendered R150 per share, having already acquired a stake of almost a quarter
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE could pause for breath after bouncing backAll-share index close to record highs after relief rally South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% next year tho) .... TalkingAfrica
Source: BDliveSA - 🏆 12. / 63 Read more »
WHO warns against muting mutation infoThe global panic and quick imposition of travel restrictions could lead to countries not sharing information. Well China did a great job for not sharing their stats, because this is how the world react😪😪😪 We were fair as SA but the world is running from us.
Source: eNCA - 🏆 49. / 51 Read more »