Asian Shares Slump On New Covid Variant Concerns


Source: bartday.com bartday.com

Key Topics in this News Article:

News Snapshot:

Asian stocks slumped on Friday as the detection of a new and possibly vaccine-resistant coronavirus variant in South Africa hit global risk sentiment. The new variant has been red-flagged by scientists over an alarmingly high number of spike mutations that might make the virus more resistant to vaccines. Chinese shares ended lower as a handful of local Covid-19 cases in the eastern parts of China prompted Shanghai to limit tourism activities and a nearby city to cut public transportation services. The benchmark Shanghai Composite Index slid 20.09 points, or 0.6 percent, to 3,564.09, dragged down by semiconductor-related and energy stocks....