New Variant 'Concerning,' Market Reaction 'Understandable' - Credit Suisse
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Stocks tumble on new coronavirus variant fear
November 26, 2021 6:35 AM EST(This Nov. 26 story corrects firm name in 6th paragraph to "Globalt" from "Global")
By Chuck Mikolajczak
NEW YORK (Reuters) - U.S. stocks closed lower on Friday, with the Dow and S&P 500 suffering their biggest one-day percentage drops in months, and pandemic-hit sectors that had gained from a reopening falling sharply after a new coronavirus mutation was found.
Authorities worldwide reacted with alarm on Friday to the coronavirus variant found in South Africa, with the European Union and Britain among those tightening border controls as researchers sought to establish if it was vaccine-resistant.
Cruise operators... More
Explainer-What we know about the new COVID-19 variant detected in South Africa
November 26, 2021 6:31 AM ESTBy Alexander Winning and Alistair Smout
JOHANNESBURG/LONDON (Reuters) - Authorities around the world have reacted with alarm to a new coronavirus variant detected in South Africa.
Britain, the European Union and India are among those announcing stricter border controls as scientists carry out tests to determine if the mutation is more transmissible or infectious than other variants, or is resistent to vaccines.
WHERE AND WHEN WAS NEW VARIANT FOUND?
South African scientists detected a small number of the variant known as B.1.1.529 on Tuesday in samples taken from Nov. 14 to Nov. 16.
On Wednesday, South... More
