Asian stocks looked set for a mixed start Friday amid easing concerns over the omicron virus strain but hurdles for Chinese technology firms. Treasury yields rose after comments from Federal Reserve officials.
Australian equities advanced and futures pointed higher for Japan. Hong Kong contracts slipped after a slide in Chinese shares traded in the U.S. over the risk of delisting for flouting disclosure rules.
Dip buyers bolstered U.S. stocks sensitive to the economic outlook, fueling the S&P 500’s best day since October in a choppy week. U.S. futures fluctuated.
Treasuries slid and the yield curve flattened after Fed officials laid out the case for a faster stimulus removal to curb inflation. The dollar was steady.
In the oil market, OPEC+ proceeded with a scheduled output hike but left room for quick adjustments if the pandemic changes the outlook. Crude rallied.
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