Asia stocks teeter after a rough day on Wall Street on Omicron and Fed concerns
CNN
Stocks in Asia Pacific were unsteady Thursday after a major sell-off on Wall Street, as investors continued to grapple with Omicron headlines and concerns that the US Federal Reserve may need to take a more hawkish stance in the coming months.
Some markets in the region fell sharply, with Japan's benchmark Nikkei (N225) and Australia's S&P/ASX 200 plunging as much as 2.9% and 2.7%, respectively. South Korea's Kospi (KOSPI) slid 1.1%.
Meanwhile, investors in Greater China appeared calmer: As of 2:38 p.m. local time, the Shanghai Composite (SHCOMP) and Hong Kong's Hang Seng Index (HSI) were flat.
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World leaders are pursuing their own versions of national interest on different historical and actual timelines than the transactional aspirations of American presidents.