For now, we expect this volatility to continue to plague global markets albeit of a smaller scale when the market cools down. The situation can go both ways depending on the latest development of the coronavirus.
AS economies across the globe prepare to embrace the new norms of living with the pandemic while trying to return to the normalcy of pre-pandemic days, the world was stirred yet again by the discovery of a new variant called Omicron.
Said to have originated from South Africa, it is found to be more transmissible than the Delta variant, due to its more than 30 changes in the spike protein that make it unrecognisable to human antibodies. As a result, numerous cases have emerged across the world including in the United States, Japan and South Korea.
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