© Reuters. File photo: After the 2021 trading closing ceremony held on December 30, 2021 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, the screen displays the Nikkei index. REUTERS/Kim Kyung-Hoon
Author: Wu Kaien
Hong Kong (Reuters)-After Wall Street hit an all-time high on its first trading day in 2022, Asian stock markets were basically in the lead on Tuesday, despite concerns that the widespread Omicron COVID-19 variant may hinder global economic recovery .
Europe and the United States are also expected to open again, with futures rising 0.98% and E-mini futures rising 0.24%.
The Australian stock market closed 2.01% higher, and its metals and mining stocks hit a 4-month high. 225 also extended its early gains, rising by 1.78%.
MSCI’s measure of stocks in the Asia-Pacific region outside of Japan rose 0.4%.
Mizuho Bank said in a report on Tuesday: “As we enter 2022, the market seems to retain the memory of 2021 and put Omicron in the background, focusing on the increase in US Treasury yields caused by the Fed’s interest rate hike and supporting the U.S. dollar. Strengthening and the stock market continues to rise.”
However, the Hong Kong stock market fell 0.36% after the Chinese cybersecurity regulator announced that official rules would strengthen the supervision of how its platform companies formulate overseas listing plans or use algorithms, but regained lost ground at the opening of the afternoon. Affected by this news, the Hong Kong technology stock index fell 1.44%.
Dragged down by technology stocks, China’s benchmark CSI 300 Index fell 0.68%.
Although the Omicron variant of the coronavirus pushed COVID-19 cases to a new peak in the world’s largest economy, the major Wall Street stock indexes hit a new closing high on Monday.
“The market is paying more attention to the possible positive earnings data in the fourth quarter of the United States. We firmly believe that the United States is seeing prosperity and a very tight labor market, which will increase household income,” said John Milroy of Ord Minnett. Sydney consultant.
“…Investors are paying close attention to inflation and how the Fed might respond if it proves not to be temporary,” he said.
The United States will release employment data and Purchasing Managers Index (PMI) this week. China will release trade data on Friday.
BlackRock (NYSE:) said in a report on Tuesday: “U.S. employment data will be a key indicator for evaluating whether the Federal Reserve will implement its interest rate hike plan in 2022.”
“A series of purchasing managers’ indexes should allow investors to understand the momentum of the restart. China’s trade data will show whether the supply bottleneck pushing up inflation is being resolved,” it said.
In Asia, although continued supply constraints and rising input costs have cast a shadow over the prospects of some economies, factory activity increased in December as companies calmly responded to the increasing number of cases of the Omicron coronavirus variant worldwide.
Up 0.68%, the S&P 500 index rose 0.64%, and rose 1.2%.
Apple (NASDAQ:) on Monday became the first company with a stock market value of $3 trillion, and Tesla (NASDAQ:) reported that its quarterly deliveries of electric vehicles were stronger than It is expected to rise by more than 13.5%.
The S&P index surged nearly 28% last year, driving the MSCI Global 50 Stock Market Index to record double-digit gains for the third consecutive year.
The benchmark US 10-year Treasury bond yield hit a six-week high, with a yield of 1.6384%. Investors expect a series of interest rate hikes this year to combat rising inflation.
After nearly two years of recovery in 2021, the commodity market also quickly returned.
Although OPEC+ expects production to increase further, supported by tight supply and hopes for further demand recovery in 2022, oil prices rose by 0.47% to nearly US$79.35 per barrel. It rose by 0.37% to US$76.36 per barrel.
Gold prices experienced their worst post-sale rebound in six weeks on Monday, as the rebound in risk appetite in the stock market put pressure on gold prices. 0519GMT rose 0.18% to 1804.0 US dollars per ounce.