Asia-Pacific stocks drop as investors watch omicron Covid variant; oil prices rebound 4%

The shares in Asia-Pacific fell in Monday morning trade as investors watch developments surrounding the recently discovered omicron Covid variant.

In Japan, the Topix index shed 1.35% in early trade. The Kospi in South Korea dropped.

The S&P/ASX 200 fell in morning trade.

The broadest index of Asia-Pacific shares outside Japan was down.

TICKER.

The company is

Name.

The price.

Change.

%CHANGE

.N225

The index is called the Nikkei 225.

*NIKKEI.

28751.62

0

0

.

The Hang Seng Index is a measure of the stock market.

*HSI.

There is a document titled "23580.52."

0

0

.AXJO.

The S&P/ASX 200 is a benchmark.

*ASX 200

7212.7

66.6

-0.91

SSEC.

The city of Shanghai.

SHANGHAI.

3564.09

0

0

.KS11

The index is called the koSPI.

*KOSPI.

2936.44

0

0

FNBCTFCA.

CNBC 100 ASIA.

CNBC 100.

9946.58

-208.6

-2.05

The price of oil was higher in the morning.

International benchmark crude futures were up 4%. U.S. crude futures increased to $71.32 per barrel. On Friday, oil saw its worst day of the year.

The spot gold price was down from above $1,800 last week.

The Japanese currency strengthened against the US dollar late last week and is seen as a safe-haven currency.

The US dollar index, which tracks the greenback against a basket of peers, was at 96.212 after a recent drop from above 96.4.

The Australian dollar dropped last week from above $0.725.