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Daily Alert: Omicron rattles markets

  • Omicron, the latest COVID variant, has now been detected in the UK, South Africa, Israel, the Netherlands, Hong Kong, Belgium and Australia.
  • European sharemarkets plummeted amid widespread selling of risk assets on Friday as the new coronavirus variant identified in South Africa HAS raised risks for the global economic recovery.
  • US sharemarkets also tumbled on Friday on fears about the latest coronavirus variant.

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