Asian Markets Retreats from Loss Posted on Monday

Asian stocks retreated from yesterday’s loss on Tuesday morning amid omicron fears rages over globally with U.S. health officials announcing 73% of last week’s COVID-19 cases were omicron.

KOSPI (.KS11), Japanese Topix (.TOPX), CSI300 (.CSI300) and Hang Seng (.HSI) index are trading up by 0.31%, 1.70%, 048% and 0.56% respectively.

Indices in the U.S. overnight closed in the red as omicron looms over the country, however President Biden’s domestic investment bill in question weighed higher on investor’s sentiment. The S&P500 inched down by 1.13% and Nasdaq down by 1.24%.

In the commodity market crude oil futures are on a upward trend with WTI up by 1.22% and Brent up by 1.01%.