Asian shares near year-low as inflation, Omicron fears sap confidence – Reuters
- Date: 17-Dec-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Asian shares near year-low as inflation, Omicron fears sap confidence – Reuters
HONG KONG, Dec 17 (Reuters) - Asian stocks tested 13-month lows on Friday, as fears about the Omicron variant of the coronavirus, inflation concerns and hawkish pivots by the world's major central banks knocked investor confidence.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) shed 0.7% on Friday to be down 2.28% on the week, and only just above the year low set last week.
Chinese blue chips (.CSI300) shed 1.35% and were heading for their worst week in three months, while an index of Hong Kong-listed tech firms (.HSTECH) hit a record low, not helped by news Washington put investment and export restrictions on dozens of Chinese companies. read more
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