Page 355 - Bkr News Today

Equities and currencies in Asian emerging markets strengthened on Tuesday, as fears around the Omicron coronavirus variant ebbed on reports that the strain's impact may be mild.

Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant while Chinese markets were supported by the central bank easing monetary policy.

LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea's biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries.

Nearly 100 Japanese lawmakers from several political parties visited the controversial Yasukuni Shrine for war dead in Tokyo on Tuesday, prompting the South Korean government to express "deep concern and regret".

South Korean battery maker LG Energy Solution (LGES) is set for a record-breaking initial public offering (IPO) in Seoul to secure the funds aimed at capturing booming global demand for EV batteries.

Waning Omicron COVID-19 variant worries and a timely booster shot of Chinese stimulus lifted world stock markets and oil on Tuesday and left traders offloading safe-haven currencies and bonds again.

ViacomCBS Inc and Seoul-based CJ ENM, the distributor of Oscar winning movie "Parasite",have signed a content partnership agreement, the companies said on Tuesday, marking the Asia debut for the U.S. company's Paramount+ streaming service.

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