Asian markets bounce back from omicron sell-offs | Federal News Network

Much of the concern over the outlook has been driven by the omicron variant of coronavirus.

Tokyo’s Nikkei 225 index rose 2% to 28,496.83 and the Hang Seng in Hong Kong added 0.3% to 22,798.23.

Markets are also still absorbing last week’s momentous move by the Federal Reserve to more quickly remove the aid it’s throwing at the economy, because of rising inflation.

Steelmaker Nucor lost 5.8%, Microsoft slid 1.2% and Synchrony Financial, which offers store-brand credit cards and other financial products, dropped 5.2%.

The Dutch government began a tough nationwide lockdown on Sunday, while a U.K.

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