Asia markets battered in knee-jerk reaction to new Covid variant
All of the region's major stock exchanges fall into negative territory, with India's S&P BSE Sensex seeing the biggest drop
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Singapore
ASIA markets closed the week battered after fears of a new Covid-19 variant spreading in South Africa and emerging in Hong Kong triggered a major sell-off in the region. Scientists have warned that the new B11529 strain could be more infectious than the Delta variant, and more resistant to vaccines.
All major stock exchanges in the Asia-Pacific region fell into negative territory on Friday (Nov 26), with India's S&P BSE Sensex registering the sharpest slide. The index closed 2.9 per cent lower at 57,107.15, down 1,687.94 points.
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