Stocks

Bloomberg Stocks rise for a third day as optimism about vaccines eased concerns about the omicron variant and China policies helped buffer against fallout from mounting property debt distress. Europe’s Stoxx 600 Index rose 0.5% after the biggest jump in more than a year, with healthcare shares outperforming and energy stocks down. US futures ticked up after the biggest surge …

Bloomberg Stocks and futures rise on Tuesday as concerns about the severity of the omicron virus variant receded and China pledged measures to support economic growth. Technology shares led gains in Europe’s Stoxx 600 Index and Nasdaq 100 futures rise. Chinese tech stocks also rebounded from last week’s rout, with Alibaba Group Holding Ltd soaring by the most since its …

Bloomberg Stock investors probably have more important things to worry about than the emergence of the new coronavirus strain, according to Morgan Stanley’s strategists. While “not that concerned about omicron as a major risk factor for equities,” the strategists led by Michael Wilson see headwinds building elsewhere, after Federal Reserve Chairman Jerome Powell signaled the possible accelerated tapering of asset …

Bloomberg China tech shares tumbled on Monday, with a key gauge poised to close at its lowest level since launch last year as concerns mount over how many more companies could withdraw from American exchanges. The Hang Seng Tech Index, a gauge of mostly Chinese tech giants traded in Hong Kong, saw losses deepen to as much as 3.6% in …

Bloomberg Emerging-market traders are taking the once-bitten, twice-shy approach with Southeast Asia and omicron, dumping shares from the region that was most impacted when the delta variant arrived. The MSCI AC Asean Index has fallen about 4% since US Thanksgiving — when omicron first made its presence known in markets — underperforming the near 2% decline in Latin American shares …

Bloomberg A brutal 2021 selloff for Chinese stocks trading in the US has now erased more than $1 trillion in value since February and shows no signs of easing as regulators on both sides of the globe continue to put pressure on the firms. The Nasdaq Golden Dragon China Index — which tracks China-exposed firms listed in the US — …

Bloomberg Bitcoin plunged along with other cryptocurrencies, in another indication of the risk aversion sweeping across financial markets. The largest digital token falls as low as $42,296 before paring some of the tumble. It was trading at about $48,300 as of 10:31 am in New York, a drop of about 10%. The token has now declined more than 20% from …

Bloomberg Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside US equity futures. Bonds gained as investors sought havens. The Stoxx Europe 600 index falls more than 1%, more than wiping out an earlier advance. Cyclical sectors including retail, travel and carmakers …

Bloomberg South Korea’s benchmark stock index erased its gain for the year on renewed outflow of foreign funds amid worries that the new Covid-19 variant could hamper the global economic recovery. The equity benchmark falls 2.4%, with losses accelerating in the afternoon following a Financial Times that Moderna Inc’s CEO said existing vaccines may struggle against the omicron strain. The …

Bloomberg Stocks in Europe rebounded and US equity futures rose along with Treasury yields as a semblance of calm returned to global markets while investors reconsidered their worst-case scenarios for the omicron coronavirus strain. The Stoxx Europe 600 index jumped more than 1%, recovering some of their worst drop in more than a year, with travel and energy stocks leading …