SINGAPORE — Shares in Asia-Pacific rose in Tuesday morning trade as investors continued to monitor the situation surrounding the omicron Covid variant.
Shares in Australia also rose as the S&P/ASX 200 gained 0.43%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.48% higher.
Investors continued to track the situation around the omicron variant, which has cast a shadow over the festive holiday period as curbs have already been introduced in countries across Europe.
Global stocks tumbled on Monday as concerns surrounding the fast-spreading omicron strain weighed on investor sentiment.
Overnight stateside, the major averages dropped more than 1% each amid the uncertainty around omicron. The Dow Jones Industrial Average fell 433.28 points, or 1.23%, to 34,932.16 while the S&P 500 shed 1.14% to 4,568.02. The Nasdaq Composite declined 1.24% to 14,980.94.
Oil jumps around 1%
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.473 — off levels above 96.6 seen recently.
The Japanese yen traded at 113.65 per dollar, stronger than levels above 114 seen against the greenback last week. The Australian dollar was at $0.7115, still struggling to recover after last week’s decline from above $0.72.