Myhomie
2021-11-29
How is this a reason for market plunge? What a manipulative fucktards they are
Asian markets remain jittery, extend losses over Omicron uncertainties
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What a manipulative fucktards they are","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/600244334","repostId":1197349075,"repostType":2,"repost":{"id":"1197349075","pubTimestamp":1638163525,"share":"https://www.laohu8.com/m/news/1197349075?lang=&edition=full","pubTime":"2021-11-29 13:25","market":"hk","language":"en","title":"Asian markets remain jittery, extend losses over Omicron uncertainties","url":"https://stock-news.laohu8.com/highlight/detail?id=1197349075","media":"businesstimes","summary":"ASIAN equity markets remained bearish on Monday (Nov 29) as the spectre of new Covid-19 variant Omic","content":"<div>\n<p>ASIAN equity markets remained bearish on Monday (Nov 29) as the spectre of new Covid-19 variant Omicron continued to weigh on sentiment.\nAt midday, Singapore's key index was down 1 per cent, while ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/asian-markets-remain-jittery-extend-losses-over-omicron-uncertainties\">Web Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsian markets remain jittery, extend losses over Omicron uncertainties\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-29 13:25 GMT+8 <a href=https://www.businesstimes.com.sg/companies-markets/asian-markets-remain-jittery-extend-losses-over-omicron-uncertainties><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASIAN equity markets remained bearish on Monday (Nov 29) as the spectre of new Covid-19 variant Omicron continued to weigh on sentiment.\nAt midday, Singapore's key index was down 1 per cent, while ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/asian-markets-remain-jittery-extend-losses-over-omicron-uncertainties\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/companies-markets/asian-markets-remain-jittery-extend-losses-over-omicron-uncertainties","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197349075","content_text":"ASIAN equity markets remained bearish on Monday (Nov 29) as the spectre of new Covid-19 variant Omicron continued to weigh on sentiment.\nAt midday, Singapore's key index was down 1 per cent, while Malaysia slipped 0.1 per cent. In East Asia, Japan declined 0.8 per cent, South Korea fell 0.5 per cent, and Hong Kong lost 0.5 per cent.\nOmicron, first detected in South Africa, was declared a variant of concern by the World Health Organization (WHO) on Friday (Nov 26).\nAccording to the WHO, the variant has a large number of mutations, some of which are concerning. Scientists are trying to better understand its properties, although early indications suggest that the large number of mutations in its spike protein may render existing vaccines less effective.\nDespite travel restrictions put in place by countries worldwide, Omicron has already been detected in a number of European countries - which were already battling a new wave of Covid-19 infections.\nCredit Suisse global chief investment officer Michael Strobaek noted that the eurozone could see downgrades to its near-term growth outlook if restrictions are tightened.\nMarket volatility is also likely to remain until more is known about Omicron, he added, noting that pharmaceuticals are likely to remain resilient.\nVaccine manufacturer BioNTech said on Friday that it expects more data on Omicron and the efficacy of its vaccines on the variant in about 2 weeks, with a new vaccine targeted at the new strain potentially available in approximately 100 days.\nSimilarly, UOB Kay Hian analyst Adrian Loh noted that uncertainty will continue to weigh on sentiment in the equity markets as there are still many unknowns about the new variant.\n\"We don't know what the infection rate of this new variant is, how it will affect the government's decision to reopen; there's just a whole host (of questions),\" he said.\nFurthermore, Loh noted that traders will be watching the meeting of the Organization of the Petroleum Exporting Countries and its allies (Opec+) this week. Without the variant, Opec+ may have stopped their production increase or maybe even dialled production back down; the new variant has cast some uncertainty as to how the organisation may proceed, he said.\nOpec+ have postponed technical meetings to Thursday (Dec 2) instead of Tuesday (Nov 30), saying they need more time to assess the impact of Omicron on oil demand and prices. Both Brent crude futures and US West Texas Intermediate crude were both up by about 4 per cent after tumbling on Friday.\nJeffrey Halley, Oanda's senior market analyst, said that South-east Asian markets have underperformed as their tourism and reopening plans could be \"thrown into disarray\". He also noted that Prime Minister Lee Hsien Loong on Sunday (Nov 28) said that Singapore could roll back the easing of restrictions as the government continues to track Omicron closely.\n\"The market direction is a binary outcome to the Omicron headlines. Positive headline, stocks higher, negative headline, stocks lower,\" he said, adding that news about Omicron will likely continue to drive market direction and volatility for the rest of the week.\nHe also expects tourism, travel, discretionary spending, resources and oil to remain under pressure until there is more clarity on the Omicron situation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":104,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":65,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/600244334"}
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