SYDNEY, AAP – Investors have escaped more gloom about Omicron and earlier stimulus-tapering to end the ASX trading day with only minor losses.

Shares were down 0.64 per cent after two hours of trading on Thursday but a second-half rally cut the losses.

Technology shares fared worst and fell by more than three per cent.

The benchmark S&P/ASX200 index closed down 10.7 points, or 0.15 per cent to 7225.2 points.

The All Ordinaries closed lower by 20.9 points, or 0.28 per cent, to 7536.9 points.

The Australian dollar was buying 70.97 US cents at 1620 AEDT, lower from 71.66 US cents at Wednesday’s close.