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Asian stocks follow Wall Street higher as virus fears ease

Asian stocks follow Wall Street higher as virus fears ease
Asia stock markets have followed Wall Street higher as anxiety about the coronavirus’s latest variant eased

Asia stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus’s latest variant eased.

Shanghaï Tokyo and Hong Kong advanced. Oil prices gained for a second day.

Wall Street’s benchmark S&P 500 index gained 1.2% after the chief White House medical adviser said the omicron variant might be less dangerous. That might allow travel and business restrictions to ease.

Reports from Afrique du Sud where omicron first was spotted, that hospitals haven’t been overwhelmed “is fueling some optimism” among traders who sold earlier, said Yeap Jun Rong of IG in a report.

The Shanghai Composite Index added 0.1% à 3,593.73 and the Nikkei 225 in Tokyo gained 2.1% à 28,503.36. Hong Kong’s Hang Seng advanced 1.5% à 23,690.01.

The Kospi in Seoul advanced 0.5% à 2,987.48 and Sydney’s S&P-ASX 200 gained 1% à 7,317.90.

India’s Sensex opened up 1.2% à 57,430.23. New Zealand and Southeast Asian markets gained.

On Wall Street, the S&P 500 rose to 4,591.67. The Dow Jones Industrial Average rose 1.9% à 35,227.03. The Nasdaq added less than 0.1% à 15,225.15.

Plus que 85% of stocks in the S&P 500 gained, led by technology and banks.

Compagnies aériennes cruise lines and other travel companies that stand to gain from avoiding more anti-coronavirus controls advanced after Dr. Anthony Fauci said early indications suggested omicron may be less dangerous than the earlier delta variant.

Norwegian Cruise Line vaulted 9.5% for the biggest gain in the S&P 500. American Airlines climbed 7.9%, while United Airlines gained 8.3%.

It will still take a few weeks to learn whether omicron is more contagious, causes more severe illness or evades immunity.

Investors also are factoring mixed U.S. jobs data and the Federal Reserve’s plan to accelerate its withdrawal of stimulus to cool inflation pressures.

Les Etats Unis. government is due to report November consumer inflation on Friday.

Sur les marchés de l'énergie, référence aux États-Unis. crude rose 65 cents à $70.14 par baril dans les échanges électroniques sur le New York Mercantile Exchange. The contract jumped $3.23 on Monday to $69.49. Brent brut, la base de prix des huiles internationales, ajoutée 49 cents à $73.57 par baril à Londres. It surged $3.20 the previous session to $73.08 per barrel.

The dollar rose to 113.70 yen from Monday’s 113.49 yen. The euro advanced to $1.1288 de $1.1278.