The threat of the omicron variant is becoming real for many of Asia's biggest countries just as it looks set to subside in some Western nations
Powell is seeking a second four-year term as head of the Fed, and his appearance before the committee will be followed by a hearing with vice chair nominee Lael Brainard on Thursday
Asian share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve
HONG KONG (Reuters) - Asian stocks were firmer on Tuesday following Wall Street's record highs on its first trading day of 2022, despite worries that the widespread Omicron COVID-19 variant could put the brakes on global economic recovery.
Much of Asia has yet to see surges in infections of the omicron variant already playing out in other parts of the world, but experts are warning the region likely won't be spared
Benchmarks fell in Shanghai, Bangkok, Tokyo and Seoul. Taiwan and India were higher. Many global markets are closed for holidays
European markets were also heading towards a positive open, with pan-region Euro Stoxx 50 futures up 0.45% and FTSE futures 0.45% higher.
Asian share markets were broadly up on Wednesday as the risk appetite of global investors rises heading into year-end
Beijing lightened the mood a little by cutting one-year loan rates for the frost time in 20 months, though some had hoped for an easing in five-year rates as well.
A seasonal lack of liquidity made for a bumpy start and S&P 500 futures led the way with a 0.7% drop, while Nasdaq futures shed 0.6%.
Asian markets stood still on Wednesday as the world waited to hear from US Federal Reserve on when it would stop buying assets and start raising interest rates
Competing for the limelight, U.S. Treasury yields climbed steadily after U.S. Fed chair Jerome Powell signalled the Fed may speed up the pace of its bond-buying taper at its meeting later this month
The dollar hovered below a 16-month peak in early Asian trade
Nifty has outperformed MSCI APAC index for 21 of the 26 weeks since May
Investors turn jittery over high valuations, inflation
IPO proceeds up 73% from a year ago; number of offerings grow 42.3% YoY
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.25% in early trade, regaining ground lost in recent days to be little changed on the week.
Global shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day's sell-off. France's CAC 40 dipped 1.9% in early trading to 6,450.56, while Germany's DAX dropped 2.1% to 14,869.63. Britain's FTSE 100 was down 1.6% at 6,964.13. The future for the Dow industrials fell 0.9% to 33,860.00. S&P 500 futures was 1.2% lower at 4,280.00. Japan's benchmark Nikkei 225 sank 1.1% to finish at 27,528.87 for its eighth straight session of losses. South Korea's Kospi dipped 1.8% to 2,908.31. Australia's S&P/ASX 200 shed 0.6% to 7,206.50. Hong Kong's Hang Seng edged down 0.6% to 23,966.49. Trading was closed in Shanghai for the Chinese national holidays. Worries remain in Asia about ongoing coronavirus infections, although hopes are growing that economic activity will return closer to normal later this year, bouncing back from the deep downturn in 2020. On the risks front, China .
Stock market LIVE: All sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 per cent range