The Dow Jones Industrial Average rose 539.76 points, or 1.55%, to 35,471.92, the S&P 500 gained 72.79 points, or 1.59%, to 4,640.81
HONG KONG (Reuters) -Asian shares advanced on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing's move to help troubled property firms, although surging cases of the Omicron coronavirus variant remain a worry for investors.
US stocks ended trading down by more than 1%, pressured lower by surging Omicron coronavirus cases and a possible fatal blow to a $1.75 trillion domestic spending bill
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The BSE Midcap and Smallcap indices ended with losses of 2.4 per cent and 2.1 per cent, respectively. Declining stocks outpaced advancing shares in more than 2:1 ratio
Omicron remains a wild card in the equation with the full impact of the new coronavirus variant as yet unclear, analysts said
The broader markets also weakened towards the end of the trading session; Sun Pharma, however, gained nearly 3 per cent.
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Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus's latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices rose more than $1 a barrel for a second day. Wall Street futures were higher after the chief White House medical adviser said Monday the omicron variant might be less dangerous. That might allow travel and business restrictions to ease. Reports from South Africa, where omicron first was spotted, that hospitals haven't been overwhelmed is fuelling some optimism among traders who sold earlier, said Yeap Jun Rong of IG in a report. In early trading, the FTSE 100 in London gained 1% to 7,302.61 and Frankfurt's DAX advanced 1.6% to 15,623.97. The CAC 40 in Paris added 1.7% to 6,982.63. On Wall Street, the S&P 500 future was up 1% and that for the Dow Jones Industrial Average advanced 0.8%. On Monday, the S&P 500 rose ...
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The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each
Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited US employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it remained, but appeared to have been assuaged by reports that its symptoms seem to be mild and vaccines appear to protect against severe illness. Germany's DAX advanced 0.7% to 15,361.76. The CAC 40 in Paris added 0.5% to 6,831.75 and Britain's FTSE 100 picked up 0.3% to 7,147.30. The future for the Dow industrials gained 0.3% while that for the S&P 500 edged 0.1% higher. Chinese ride-hailing service Didi Global Inc said Friday it will pull out of the New York Stock Exchange and shift its listing to Hong Kong as the ruling Communist Party tightens control over tech industries. The Securities and Exchange Commission has moved to require that US-listed foreign stocks like Didi's disclose their ownership structures and audit reports, ..
Stocks were mixed in Asia on Friday after a broad rally on Wall Street as investors kept an eye on the spread of the new coronavirus variant and measures governments are taking to restrain it. Hong Kong slipped more than 1% while Tokyo edged lower. Shanghai and Seoul were higher while Sydney was nearly unchanged. Chinese ride-hailing service Didi Global Inc said Friday it will pull out of the New York Stock Exchange and shift its listing to Hong Kong as the ruling Communist Party tightens control over tech industries. The Securities and Exchange Commission has moved to require that US-listed foreign stocks like Didi disclose their ownership structures and audit reports, which could lead to some of them being delisted. Hong Kong's Hang Seng fell 1.2% to 23,510.15, while the Nikkei 225 in Tokyo edged 0.2% lower, to 27,692.34. In Seoul, the Kospi gained 0.4% to 2,957.86. Sydney's S&P/ASX 200 was less than 0.1% higher, at 7,228.50. The Shanghai Composite index gained 0.5%, to ...
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