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LONDON: Copper prices fell to a two-week low on Tuesday as worries about the damage to demand and economic growth from the Omicron coronavirus variant and monetary policy tightening in the United States weighed on sentiment
KUALA LUMPUR: Bursa Malaysia rebounded yesterday to close marginally higher, as investors went on bargain hunting activities and shrugged off concerns about the Omicron variant.
The relaxation of social measures will be paused, and travellers entering Singapore will face stricter rules from 11.59pm tomorrow, as the country acts to buy time amid the spread of the new Omicron Covid-19 variant around the world.
SEOUL (Reuters) - South Korea said on Monday it has shelved plans to further relax COVID-19 curbs due to the strain on its healthcare system from rising hospitalisation and death rates as well as the threat posed by the new Omicron variant.
TOKYO (AFP): Japan will reinstate tough border measures, barring all new foreign arrivals over the Omicron Covid variant, Prime Minister Fumio Kishida announced Monday(Nov 29), just weeks after a softening of strict entry rules.
SYDNEY: The Australian dollar recovered against the greenback on Monday after sliding last week as spooked investors scaled back bets of global monetary tightening on worries the Omicron coronavirus variant may be harder to combat with vaccines.
TOKYO: Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, betting tighter carbon emission restrictions will spur demand for electric cars and hybrids.
HONG KONG (AFP): Asian markets fell again Monday (Nov 29) but oil rebounded strongly as investors try to assess the threat of the new Omicron Covid strain on the global economic recovery.
BEIJING (China Daily/Asia News Network): China's macroeconomic policies aim to minimize cyclical fluctuations and stabilize growth through structural adjustments, preventing a sharp slowdown and avoiding aggressive stimulus measures, according to officials and experts.
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.