Stock markets, oil rise after sell-off but virus casts shadow

Hong Kong (AFP) Dec 21, 2021

Equities stabilised and oil prices saw a much-needed gain Tuesday after their latest flop as bargain-buyers moved in, though investors remain fixated on the fast-spreading Omicron coronavirus variant and moves to contain it over the festive period. Reports that moderate Democratic Senator Joe Manchin could still be willing to discuss US President Joe Biden's $1.75 trillion social spending bi