Global Markets Drop on Concerns Over New Covid-19 Variant

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Global Markets Drop on Concerns Over New Covid-19 Variant
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Global equity markets and U.S. stock futures fell after South Africa raised the alarm over a new, fast-spreading strain of the coronavirus

Global equity markets and U.S. stock futures fell after South Africa raised the alarm overBy late morning Friday in Hong Kong, the city’s benchmark Hang Seng Index stood 2.1% lower, while Tokyo’s Nikkei 225 had retreated 2.

9%. Australia’s S&P/ASX 200 pulled back 1.5%.
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