Emerging markets - Indonesia stocks reversed course to fall 0.5% as Asian stocks pare gains on Moderna's Omicron warning

JAKARTA, Nov 30 (Reuters): Emerging Asian equities and currencies trimmed gains on Tuesday on concerns that the Omicron coronavirus variant could prove more resistant to existing vaccines, while South Korean shares dropped over 2% on weak domestic data.

Risk sentiment across Asia soured after the head of drugmaker Moderna told the Financial Times that current Covid-19 vaccines were unlikely to be as effective against Omicron as they have been against the Delta variant.