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·                     Market history says omicron volatility isn’t a reason for investors to sell

There is a big difference between being a trader and an investor in a market with this level of uncertainty and volatility caused by a new Covid variant.

Stock market trading gains and losses may whipsaw every day, even intraday, but the history of the VIX volatility index suggests that patient investors will be rewarded.

Since 1990, 18 of the 19 biggest single-day spikes in the VIX were followed by an S&P 500 Index that was higher one year later.

·                     Dow futures jump 240 points despite recent tech stock selling, bitcoin’s weekend rout

Dow futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve’s move to tighten policy.

Futures contracts tied to the Dow Jones Industrial Average jumped 244 points. S&P 500 futures were 0.44% higher. Nasdaq 100 futures hovered around the flatline.

·                     Hong Kong’s Hang Seng drops 1% as tech shares fall; investors monitor bitcoin volatility

Stocks in Hong Kong dropped on Monday, while investors monitored bitcoin prices after they fell sharply over the weekend. Oil prices jumped during Asia trade.

Hong Kong’s Hang Seng index fell 1.26%, as tech stocks fell. JD dropped more than 3% and Tencent was down 2.68%.

Alibaba shares in Hong Kong fell nearly 8% in early trade, but later recovered slightly to decline 5.36%. The company announced Toby Xu, its deputy chief financial officer, will succeed Maggie Wu as chief financial officer. That change will be effective Apr. 1.

Japan’s Nikkei 225 pared earlier losses, falling 0.39%, while the Topix was down 0.42%. South Korea’s Kospi was up 0.20%, turning around from a decline of 1% earlier.

Australia’s S&P/ASX 200 edged up 0.14%, also recovering from slight losses earlier.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.45%.

Stocks across the region and globally have seen turbulent trading since last week on fears surrounding the new omicron variant.

Reference: CNBC,Reuters