Stocks stumble as bond traders turn to jobs data

SYDNEY: Asian stocks wobbled and risk-sensitive currencies in the region sagged on Friday as investors bet inflation will prompt U.S. rate rises next year, even with the new Omicron coronavirus variant casting a cloud over the outlook.

S&P 500 futures traded just below flat by afternoon in Hong Kong, recovering a larger drop earlier when news that Chinese ride-hailing giant Didi would delist in New York revived geopolitical and tech regulation worries.