Asian markets inch higher on upbeat U.S. economic data

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Asian markets inch higher on upbeat U.S. economic data
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Asian shares were modestly higher Thursday after stocks advanced on Wall Street with encouraging reports about the potential impact of the omicron variant of...

BANGKOK — Asian shares were modestly higher Thursday after stocks advanced on Wall Street with encouraging reports about the potential impact of the omicron variant of coronavirus and stronger U.S. economic data.

Major indexes are still on track for a Christmas week gain, with trading thinning as the holidays approach. Many world markets will be closed Friday in observance of Christmas. Uncertainty over the latest variant’s impact on the economy is likely to cause more stock market swings.

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