A man walks past screens displaying market data at CMC Markets in London, the UK. Picture: REUTERS/JOHN SIBLEY
The risk-on mood also helped the dollar climb against the Japanese yen, which had lost 0.6% overnight. The confidence-sensitive Australian dollar also found buyers. But researchers at ING warned against over-optimism about the variant. “Good news relating to the severity of Omicron should be taken with a pinch of salt,” they said in a note. “Faster transmission could offset the benefits of milder symptoms. More broadly, it is still early days, even if markets are starting to display Omicron fatigue.”
Shares in embattled developer Evergrande edged up 1.7% after hitting a record low on Monday as markets waited to see if the real estate giant has paid $82.5m with a 30-day grace period coming to an end.
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