Volatility seen to prevail

Areca Capital CEO and fund manager Danny Wong (pic) told StarBiz that although the “element of risk is there, it may be too early to judge, pending more detailed study on the Omicron”. “I do think investors over-reacted (on Friday) out of fear that another wave of the Covid-19 pandemic is looming.”

PETALING JAYA: Regional markets continued their selloffs from last Friday but stabilised towards the end of yesterday’s trading session amid much uncertainty over new Covid-19 variant, Omicron.

Taking its cue from its counterparts, the FBM KLCI reversed most of its earlier losses, finishing marginally lower at 1,510.57 points, down 0.11% after touching 1,501.51 earlier in the day.