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Asia stocks subdued, oil caps stellar year

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Reuters

By Wayne Cole SYDNEY (Reuters) – Asian shares flatlined on a slow Thursday as the spread of Omicron clouded what is the last trading day of the year for many exchanges, while oil was close to finishing 2021 with gains of more than 50%. With coronavirus cases hitting record highs, many countries are trying to limit the economic damage by relaxing rules on isolation rather than resorting to lockdowns. There was some positive economic data from South Korea where a 5.1% surge in November industrial output could signal an easing in global supply bottlenecks. MSCI’s broadest index of Asia-Pacific sh…

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