HomeGeneral NewsStocks and oil plunge as new COVID-19 variant fears slam global markets

Stocks and oil plunge as new COVID-19 variant fears slam global markets

November 27, 2021

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Stocks fell and oil prices plunged more than 10 per cent on Friday as the emergence of a new COVID-19 variant rattled global markets.

Asian markets led the way, with Hong Kong’s Hang Seng Index dropping 2.7 per cent, while Japan‘s Nikkei 225 was down 2.5 per cent. European markets also sold off…

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