Ahead of Friday's special holiday, the Malaysia stock market had moved higher in two of three trading days since the end of the five-day losing streak in which it had slumped more than 15 points or 1 percent. The Kuala Lumpur Composite Index now rests just above the 1,500-point plateau although it's expected to head south again on Monday.
Asian Markets Mixed On Omicron Woes
Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, as concerns about the spread of the new Omicron variant led to a cautious mood in the markets. The much weaker-than-expected U.S. job growth in November also raised some concerns the Federal Reserve is not expected to deviate from accelerating the tapering of its asset purchases.
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