GLOBAL MARKETS-Stocks, oil regain some composure after Omicron battering

Britain called an urgent meeting of G7 health ministers on Monday to discuss developments on the virus, although a South African doctor who had treated cases said symptoms of Omicron were so far mild.

SYDNEY: Asian markets were trying to regain some composure on Monday as the spread of the Omicron variant in developed nations threatened to derail economic recoveries and the tightening plans of some central banks.

Oil prices also recouped some losses after Friday's shellacking, while the safe haven yen took a breather after its run higher.