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Samsung Electronics Co Ltd said on Tuesday it will merge its mobile and consumer electronics divisions and named new co-CEOs in its biggest reshuffle since 2017 to simplify its structure and focus on growing its logic chip business.

Asia's emerging share markets strengthened on Tuesday, as fears surrounding the Omicron coronavirus variant ebbed, while Chinese stocks gained as the country's central bank moved to ease policy to bolster economic growth.

Asian share markets got off to a cautious start on Monday as Omicron emerged in more countries and investors faced a week-long wait for key U.S. inflation figures that could settle the course of interest rates.

Round-up of South Korean financial markets:

South Korea imposed stricter measures on Monday to contain growing coronavirus infections and the Omicron variant, leaving some foreign residents vaccinated overseas effectively barred from places such as restaurants, cafes and cinemas.

U.S. and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.

Asian currencies were broadly mixed on Monday, with Indonesia's rupiah and the South Korean won leading losses against the U.S. dollar, buoyed by increasingly hawkish commentary from the Federal Reserve and concerns over the new Omicron variant.

Asian share markets lagged a bounce in U.S. and European futures on Monday, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.

The Indonesian rupiah hit an over three-month low on Monday, as Asia's emerging markets were mixed amid investors assessing the potential economic fallout of the new Omicron variant and an increasingly hawkish commentary from the U.S. Federal Reserve.

BERLIN (AP) — A group representing Germanys main scientific organizations has accused...