Emerging markets: Thai baht hit a two-week low as most Asian currencies, stocks rise, but Omicron worries loom

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SINGAPORE, Dec 21 (Reuters): Most Asian emerging currencies and equities traded in the positive territory on Tuesday, with the Indian rupee and Malaysian ringgit leading gains, but markets remained under pressure amid the overarching effects of the Omicron variant.

Markets elsewhere in Asia have clawed back some losses, shrugging off a bruising Wall Street session, helped by higher US stock futures and investors buying some battered stocks, although surging Omicron cases remained a worry for investors.