Asian stock markets were generally weaker with U.S. crude in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.
"There is concern over the widening spread of the Omicron variant, which is overall making people cautious about taking stocks higher" in Japan, said a market participant at a Japanese securities firm.
Wall Street trading resumes later in the global day following a holiday on Friday. U.S. stocks closed at records on Thursday amid signs Omicron may cause a milder level of illness, even as the highly transmissible strain led to a surge in case numbers around the world.In the foreign exchange markets, the U.S.
The dollar index was about flat at 96.116, towards the bottom of the range from 95.544 to the 16-month peak at 96.938 reached on Nov. 24. In the crude market, U.S. West Texas Intermediate futures fell 59 cents to $73.20 a barrel. The contract did not trade on Friday because of the U.S. market holiday.Register now for FREE unlimited access to Reuters.comReporting by Kevin Buckland in Tokyo; Additional reporting by Tokyo markets team Editing by Shri NavaratnamSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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