SINGAPORE — Australian stocks were muted in Wednesday morning trade following an overnight tumble stateside as investors continued to assess the impact of the recently discovered omicron Covid variant.
Thewas little changed in morning trade, sitting below the flatline. Australia’s third-quarter GDP data is expected to be out at 8:30 a.m. HK/SIN on Wednesday.
In Japan, the Nikkei futures contract in Chicago was at 27,875 while its counterpart in Osaka was at 27,680. That compared against thelast close at 27,821.76.
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.the central bank will discuss speeding up the bond-buying taper at its December meeting.
Thetraded at 113.29 per dollar after a recent weakening from below 113 against the greenback. The was at $0.7126, off levels above $0.715 seen recently.
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