Asian stock markets are trading mixed on Thursday, following the mixed cues overnight from Wall Street, as investors delve over the potential impact of the fast spreading Omicron Coronavirus variant. They also seem reluctant to continue making significant moves as the virus spreads rapidly across more countries, with some implementing lockdowns and strict restrictions. Asian markets closed mixed on Wednesday.
While Omicron has contributed to a surge in new coronavirus cases around the world, traders seem optimistic that the milder symptoms associated with the new strain will not lead to a significant economic slowdown.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.