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Asian shares claw back some Omicron losses but risks loom large

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Reuters

By Julie Zhu HONG KONG (Reuters) – Asian stocks rose on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing’s push to help troubled property firms, although surging cases of the Omicron coronavirus variant persist as a worry for investors. U.S. stock indexes retreated more than 1% as positive COVID-19 case counts rose and President Joe Biden’s social spending and climate bill hit a significant setback. The negative mood brightened somewhat in early Asian hours with U.S. stock futures up and some assets battered in Monday’s selling finding buyers, although …

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