Investor sentiment is improving a little.
(Photo: AP)
Frankfurt, Tokyo The Asian stock markets were unaffected by the turmoil on Wall Street on Tuesday. Despite continued concerns about the economic consequences of the Omikron variant, investors welcomed China’s push to support troubled real estate groups.
The Beijing government is urging private and state-owned real estate companies to purchase projects from troubled developers Evergrande and Kaisa to reduce the risk of economic destabilization.
“Corona remains a threat to the global economy. Initial signs suggest that the Omicron variant, while more transmissible, leads to less severe illness compared to earlier variants, ”the economists at CBA wrote in a note.
The Nikkei Index, which comprises 225 values, was 2 percent higher at 28,500 points. The broader Topix index rose 1.5 percent and stood at 1971 points.
Top jobs of the day
Find the best jobs now and
be notified by email.
More: 18,000 points possible: strategists are optimistic for the Dax – only one bank is swimming against the current