Asian share markets got off to a listless start on Thursday as the spread of Omicron clouded what is the last trading day of the year for many exchanges around the globe, while oil was close to finishing 2021 with gains of more than 50%.
Still, 2021 has been tough for much of the region and MSCI's broadest index of Asia-Pacific shares outside Japanhave also lost 6% led by big falls in techs as Beijing tightened restrictions on the sector.slipped 0.7% on Thursday, which left it with a modest gain of 4.6% for the year and some way from a three-decade top reached in September. Tokyo is shut on Friday.was an outperformer with a rise of 24% thanks to red-hot demand for computer chips amid limited supply.
Bond markets have been stressed by the persistence of U.S. inflation and a resulting hawkish turn by the Fed, with investors now pricing a first rate hike as early as March or May. On Thursday, 10-year yields were up 6 basis points for the week at 1.55% but well below the 1.776% peak hit in April. In commodity markets, gold was steady at $1,804 an ounce , though that left it 5% lower for the year.
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