Asian markets join new Omicron sell-off after ASX 200 pares gains, travel stocks rise, Collins Food surges, Macquarie flags $2.2bn APRA impact

Asian markets join the new Omicron sell-off although the ASX still ends in the green; travel stocks surge, Collins Foods jumps, Woodside faces legal challenge on Scarborough gas project, and Westpac sued by ASIC.  

Australian shares are set to rebound from yesterday’s losses. Picture: NCA NewsWire / Damian Shaw

Welcome to the Trading Day blog for Tuesday, November 30. Asian markets join new Omicron sell-off after ASX pares gains amid support from travel, tech and consumer staples.

At the close, the benchmark S&P/ASX 200 Index was up 0.2 per cent to 7256.0.

The Dow Jones Industrial Average closed 0.7 per cent higher, the S&P 500 rose 1.3 per cent and tech-heavy Nasdaq gained 1.9 per cent.

Iron ore traded 3.4 per cent higher yesterday to $US99.9 a tonne. The US Nymex crude price jumped 2.8 per cent to $US70.06 a barrel.

Originally published as Asian markets join new Omicron sell-off after ASX 200 pares gains, travel stocks rise, Collins Food surges, Macquarie flags $2.2bn APRA impact