Stocks, oil tumble on virus variant fears, safe havens gain [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
Stocks lurch lower, bonds jump as virus variant spooks investors By Tom Westbrook 4 Min Read SYDNEY (Reuters) - Stocks suffered their sharpest drop in three months in Asia on Friday and oil tumbled after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. MSCI’s index of Asia shares outside Japan fell 2%, its sharpest drop since August. Casino and beverage shares were hammered in Hong Kong, while travel stocks dropped in Sydney and Tokyo. Japan’s Nikkei skidded 3% and U.S. crude oil futures fell about 3% amid fresh demand fears. [.T][O/R] S&P 500 futures were last down 1% and Euro STOXX 50 futures down 2%. Little is known of the variant, detected in South Africa, Botswana and Hong Kong, but scientists said it has an unusual combination of mutations and may be able to evade immune responses or make it more transmissible. British authorities think it is the most significant variant to dat
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