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Asian stocks are falling for fear of the Omicron genocide

Asia-Pacific stocks began to decline in the trading week, with a sharp decline that began on Friday with the Omicron coronavirus, but markets showed signs of recovery by early morning reports that HIV was only showing a slight decrease.

Australia and Japan recorded the biggest decline in the region on Monday, with shares falling sharply on initial sales before recouping some losses.

Australian Benchmark S&P / ASX 200 fell 1.4 percent in the first 15 minutes of trading before returning 0.6 percent by morning.

Japan’s Topix dropped 1.5 percent in opening but lost about 1.1 percent, while South Korea’s Kospi lost 1 percent and Hong Kong’s Hong Kong index started the morning with a 0.7 percent drop.

Friday, global stocks they were very expensive in recent years as countries around the world announced travel restrictions and self-defense measures to combat the spread of new evolution.

Scientists believe in Omicron can be highly contagious than the highly contagious Delta species and carries mutations that could render them vaccine resistant.

But Barry Schoub, chairman of the South African Cabinet Advisory Committee on Vaccines and a doctor who found the Omicron race, told Sky News Sunday that most patients with this condition only show “less”.

Also World Health Organization he warned Sunday said it was “not known” whether the dryness or spread of Omicron was different from previous difficulties.

Oil showed signs of recovery on Friday, with West Texas Intermediary prices rising more than $ 70 a barrel.

In South Africa, of course the difference was noted, the rand gained more than 1 percent lower on Friday, in another indicator that the market may decline due to the presence of the brand.

But a the pain continued for the cargo of the plane, and Australia’s Qantas dropped 6.2 percent in initial sales before recovery. Cheap flights to Malaysia Air Asia dropped to 6.7 percent, while Hong Kong’s Cathay Pacific lost about 4.8%.

Sebastien Galy, chief financial officer at Nordea Asset Management in Luxembourg, said Omicron’s differences put investors at risk, while companies in the mobile and leisure industries would be severely affected. He added that potential spread to China it can also affect global chains.

“[But] The consequences are far greater than the perceptions of the market at risk and consumers who feel that health problems are pursuing them, “said Galy.

Yields on the US Treasury benchmark 10-year benchmark, which is moving irreversibly, gained five points to about 1.54 percent lower since March 2020 on Friday.

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