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Son dakika Stocks fall as new Covid variant spooks investors – latest updates SonDakika-Haberleri.Net

Sondakika-haberleri.Net

Son dakika Stocks fall as new Covid variant spooks investors – latest updates SonDakika-Haberleri.Net

Sondakika-haberleri.Net

Son dakika Stocks fall as new Covid variant spooks investors – latest updates SonDakika-Haberleri.Net
26 Kasım 2021 - 07:57

Sondakika haberleri

Friday, November 26, 2021

Stocks fall as new Covid variant spooks investors

Stocks have seen their largest weekly drop in nearly two months, while safe haven assets such as bonds and the yen rallied as a new virus variant added to swirling concerns about future growth and higher US interest rates.

The variant, detected by scientists in South Africa, may be able to evade immune responses and has prompted Britain to hurriedly introduce travel restrictions on South Africa.

South Africa's rand fell 1 percent in early trade on Friday, as did US crude futures. 

S&P 500 futures fell 0.4 percent, while the risk-sensitive Australian and New Zealand dollars dropped to three-month lows.

"The trigger was news of this Covid variant...and the uncertainty as to what this means," said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. 

"You shoot first and ask questions later when this sort of news erupts."

Japan's Nikkei was down 1.7 percent in early trade and Australian shares fell 0.6%.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2% for a weekly fall of 1 percent and world stocks, while still near record highs, headed for a weekly fall of 0.7 percent, the largest since early October.

Little is known about the new variant. However, scientists told reporters it has a "very unusual constellation" of mutations, concerning because they could help it evade the body's immune response and make it more transmissible.

Brazil, Mexico record hundreds of new coronavirus deaths

Mexico has recorded 263 coronavirus deaths, according to Health Ministry data, bringing the overall coronavirus death toll to 293,449.

Brazil registered 303 deaths and 12,126 additional cases, according to data released by the nation's Health Ministry.

The South American country has now registered a total of 613,642 coronavirus deaths and 22,055,238 total confirmed cases.

France's Martinique territory imposes curfew after looting

Authorities on the Caribbean island of Martinique have ordered a curfew after protesters looted shops and set up burning barricades as demonstrations against Covid protocols spread across France's overseas' territories.

Martinique and neighbouring Guadeloupe have been hit by violent unrest over the last week after the government imposed tougher measures to curb the spread of the pandemic.

Compulsory vaccination for health workers, a measure already introduced in the rest of France, has added to a sentiment among the majority Black population of being excluded and marginalized from the mainland. 

Protesters are also now calling for salary hikes and lower energy prices.

Some have called the mandate a throwback to the slavery era, insisting they should be allowed to make their own choices about health treatment.

Morocco to suspend flights with France

Morocco has decided to push back its decision to suspend flight with France into Sunday instead of Friday as originally announced, the state news agency reported.

The agency quoted the Inter-ministerial Committee in charge of coordinating international travel during the pandemic as saying that the decision is aimed at facilitating the return of citizens and residents.

Morocco has imposed a vaccine pass for access to public places after it vaccinated over 50 percent of its population.

Morocco had previously canceled flights with Russia, the UK, and the Netherlands over Covid-19 concerns.


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