Omicron worries drag Thai baht lower but Malaysia stocks up 1% as China sees highest daily rise in Covid-19 cases in 21 months

BANGKOK, Dec 27 (Reuters): The Thai baht weakened on Monday as rising cases of the Omicron coronavirus variant dimmed tourism prospects and stoked worries of a slowdown in economic recovery, while a rally in glove makers helped Malaysian equities jump 1%.

Coronavirus cases have risen sharply in Japan and China, leaving investors worried potentially tighter restrictions in the region's top two economies countries would hinder activity. Tokyo shares marked their worst session in a week.