US Futures Gain; Asian Shares Mixed on Omicron: Markets Wrap By Bloomberg – Investing.com

US Futures Gain; Asian Shares Mixed on Omicron: Markets Wrap By Bloomberg – Investing.com

(Bloomberg) -- U.S. equity futures gained, while Asian stocks were mixed in thin trading as investors mulled the impact of the omicron variant on the global recovery. Shares of troubled China Evergrande Group were suspended in Hong Kong.

and contracts advanced at the start of the new year, with major markets including Australia, Japan and China all closed for holidays in Asia. Hong Kong’s benchmark gauge fell, dragged down by developers and tech companies, while equities pared gains in South Korea and Taiwan. were little changed.

Last year “was simply a period of ‘risk on,’” Jefferies strategists led by Sean Darby wrote in a note. “Peering into 2022, we expect volatility to rise, meaning that the return per unit of risk comes to the forefront.”