Global markets are falling due to concerns over new Covid-19 variant

Global stock markets and US stock futures fell after South Africa sounded the alarm over a new, rapidly spreading strain of coronavirus.

Early in the afternoon on Friday in Hong Kong, the city’s benchmark Hang Seng index was 2.2% lower, while Tokyo’s Nikkei 225 closed 2.5%. Australia’s S & P / ASX 200 withdrew 1.7 per cent.

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