Stocks slip, havens rally as new COVID-19 variant spooks investors


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SYDNEY – Asian stocks plummeted in two months on Friday after the discovery of a new and vaccine-resistant currency that sent investors to run for the protection of bonds, yen and dollars.

The largest MSCI index for Asia-Pacific regions outside Japan fell by 1.3%, the lowest since September. Casino and beverage locations were sold in Hong Kong, and shares were down in Sydney.

The Nikkei of Japan fell by 2.5% and the future of US oil prices fell by about 2% and amid fears.

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Scientists say that diversity, found in South Africa, can weaken the immune system. British officials think it is the most important nation to date, are concerned about vaccination and are pushing for sanctions in South Africa.

“You shoot first and ask questions later when such issues start,” said Ray Attrill, chief executive of FX strategy at National Australia Bank in Sydney.

The South African rand has depreciated by 1% to less than a year on initial trade. The Australian and New Zealand dollar levels at risk declined for up to three months and the future of the S&P 500 fell by 0.9%.

Asian trading has global divisions, with the worst weekend ever since early October. Dow Jones futures fell 1%, while FTSE futures and Euro STOXX 50 futures fell nearly 1.4%.

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Little is known about this new species. However, scientists have told reporters that they “have a very unusual” mutation “stars, as they can help prevent the immune system and cause it to spread.

“Markets anticipate a global epidemic if the vaccine is not effective,” said Moh Siong Sim, a financial analyst at the Bank of Singapore.

“Expectations of reopening can be eliminated.”

The Treasury move was also risky after the Thanksgiving holiday and the yields returned some of the weekly profits. Benchmark’s 10-year yield fell nearly 6 basis to 1.5841%.

The yen jumped about 0.4% to 114.84 per dollar and the Aussie dropped 0.5% to $ 0.7148.

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The move comes in the wake of concerns over the spread of COVID-19 restrictions on travel and events and the fact that markets are rising sharply with US prices rising next year.

European countries developed the COVID-19 vaccine and closed the road overnight. Slovakia has announced a two-week closure, the Czech government closes the bar for the first time and Germany has exceeded the 100,000 COVID-19 death toll.

Shanghai on Friday reduced tourism services and the nearby city reduced public transport as China continued its tolerant approach that no longer bothered traders.

At the same time a number of stronger data than expected in the US have led future Fed markets to triple prices in 2022.

(Reports by Tom Westbrook; Edited by Lincoln Feast.)

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