Markets LIVE: Asian stocks mixed despite record US stocks

The shares of Supriya Lifescience are expected to be listed on BSE and NSE today. Asian shares traded mixed on Tuesday as investors traded at another all-time high for US stocks on optimism the global recovery could weather risks from the coronavirus and tighter policy.

28 December 2021, 07:33:54 AM IST

Asian Shares Mixed

Asian shares traded mixed on Tuesday as investors traded at another all-time high for US stocks on optimism the global recovery could weather risks from the coronavirus and tighter policy.

Equities in Japan climbed nearly 1% but slipped in Hong Kong and were volatile in China and South Korea. US futures fell after the S&P 500 closed its 69th record this year, although volumes on Wall Street were below average in the wake of the Christmas holiday.

China’s central bank – which vowed more economic support over the weekend – promoted short-term liquidity injections. Traders also digested new restrictions from Beijing on some offshore listings and a tempting interest payment deadline for property giant China Evergrande Group – whose shares climbed on Tuesday.

US Treasury yields with shorter maturities rose, while yields for longer-term bonds were stable. The dollar had changed little. Oil pushed higher amid stakes that the economic reopening was only a temporary setback from the Omicron virus-strain outbreak.

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