Asian markets extended losses but oil bounces after Omicron rout – Digital Journal

Hong Kong-listed Macau casinos plunged after it emerged a top junket operator had been arrested and admitted running illegal betting activities overseas – Copyright AFP/File Anthony WALLACE Asian markets fell again Monday but oil rebounded strongly as investors try to assess the threat of the new Omicron Covid strain on the global economic recovery. Equities around the world went into freefall Friday on news of the heavily mutated variant, which some fear could evade vaccines, as it forced several governments to throw up flight bans from southern Africa where it was discovered and introduced fresh containment measures. The crisis added…