Nikkei, Topix and Co. Omicron fear is subsiding among investors in Asia

Nikkei, Topix and Co. Omicron fear is subsiding among investors in Asia

Nikkei, Topix and Co. Omicron fear is subsiding among investors in Asia
Asian investors are being infected by the global buying mood on the stock markets.  Source: dpa

Global equity rally continues in early Asian trading on Thursday. The markets benefited from positive signals about the effects of the Omikron variant. “The unpredictable course of the pandemic, and its impact on growth and inflation, continues to dominate investor risk appetite,” said David Chao, Asia Pacific equity strategist at Invesco.

“The latest health data from the UK and other countries suggest that a word-case scenario is unlikely. Although the infection rates are reportedly higher, this variant appears to be less virulent and less likely to cause serious illness or death. “

The Nikkei Index, which comprises 225 values, was 0.5 percent higher at 28,701 points. The broader Topix index rose 0.6 percent and stood at 1983 points. The Shanghai stock exchange was 0.1 percent up. The index of the major companies in Shanghai and Shenzen gained 0.1 percent.

In Asian foreign exchange trading, the dollar was almost unchanged at 114.11 yen and stagnated at 6.3704 yuan. In relation to the Swiss currency, it was quoted 0.1 percent lower at 0.9192 francs. At the same time, the euro rose 0.1 percent to 1.1338 dollars and was barely changed at 1.0421 francs. The pound sterling stagnated at $ 1.3349.