New "Omicron" COVID Variant Rattles Stock Markets
by Kyle Woodley
Nov 26, 2021
2 minutes
A new variant of the COVID-19 virus identified recently in Africa put a scare into most risk assets during Friday's holiday-shortened trading session.
The variant – B.1.1.529, which the World Health Organization has labeled "omicron" – was first identified in either Botswana or South Africa, according to conflicting reports, and has since been detected in Hong Kong as well.
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