Asian stocks up as investors less wary on Omicron
05:07, 7 December 2021
Asian stocks rose on Tuesday, tracking overnight gains on Wall Street, as investors are less wary on Omicron variant of the coronavirus as preliminary data suggests that the newly identified strain may not be as bad as initially feared.
Softbank reverses losses
South Korea’s KOSPI rose 0.35% with Samsung Electronics gaining 1.3%. On mainland China, the Shanghai composite edged up 0.1%.
Over in Australia, the S&P/ASX200 rose 1.1%. Oil Search jumped 3.9% as proxy votes favour a $6.2bn buyout bid from Santos, which rose 2.3%.