The COB from ausbiz

Outright panic morphed into a cautiously positive tone, then in the dying seconds of trading, a Financial Times report questioning the efficacy of vaccines against Omicron saw Asian stocks plummet. Top performer Collins Foods still surged by nearly 13% to a record high, thanks to finger-licking dividends and investors hungry for growth. Software company Nuix was thumped after more warnings of revenue shortfalls and mounting legal bills, closing down 12%. Tech topped the sector table, adding 1.9%, and while the energy sector was trading well over 1%, the late-breaking virus news shaved this back down to a modest gain. After ignoring today’s puzzle pieces, Q3 GDP is released tomorrow with a likely contraction of 2.7%...old news. The FT headline erased the bulk of the gains at the last minute, it close up 16 points, or 0.2%.

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