SINGAPORE — Asia-Pacific stocks were mixed in Wednesday morning trade following an overnight tumble stateside as investors continued to assess the impact of the recently discovered omicron Covid variant.
The S&P/ASX 200 lagged, dipping 0.3%. Australia’s third-quarter GDP data is expected to be out at 8:30 a.m. HK/SIN on Wednesday.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.35% higher.
A private survey on China’s factory activity in November is expected on Wednesday, with the Caixin/Markit manufacturing Purchasing Managers’ Index set to be out at 9:45 a.m. HK/SIN.
Shares stateside dropped overnight, with the S&P 500 falling 1.9% to 4,567, amid fears over the recently discovered omicron Covid variant. The Dow Jones Industrial Average also plunged 652.22 points to 34,483.72 while the Nasdaq Composite slipped 1.55% to 15,537.69.
Meanwhile, U.S. Federal Reserve Chairman Jerome Powell said the central bank will discuss speeding up the bond-buying taper at its December meeting.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.994 after a recent drop from above 96.5.