Asian stock markets rose Friday after Wall Street hit a new high as fears of the coronavirus's omicron variant eased.
BEIJING — Asian stock markets rose Friday after Wall Street hit a new high as fears of the coronavirus’s omicron variant eased.
Investor anxiety has mounted as omicron spread but moderated after authorities said it might cause less severe illness. President Joe Biden called for more vaccinations and testing but announced no plans for travel restrictions. The surge in omicron cases has weighed on Wall Street as investors tried to gauge the impact on 2022 corporate profits. Governments in Asia and Europe have tightened travel controls or pushed back plans to relax curbs already in place.
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