What investors say about the new virus variant – archyde

SYDNEY / TOKYO, Nov. 26 (Reuters) – Asian stocks suffered their sharpest drop in three months on Friday, and oil prices fell after the discovery of a potentially vaccine-resistant variant of coronavirus rushed investors towards the safety of bonds, yen and dollar .

Little is known about the variant found in South Africa, Botswana, and Hong Kong, although scientists have said it has an unusual combination of mutations and may be able to bypass immune responses or make them more transmissible. Continue reading

TAKASHI HIROKI, CHIEF STRATEGIST, MONEX, TOKYO

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“This variant is a new risk for the markets. We can’t tell how far she can bypass vaccines. “

RAY ATTRILL, HEAD OF FX STRATEGY, NAB, SYDNEY

“People react with uncertainty about what that means. They shoot first and then ask questions later when this type of message comes up. “

MOH SIONG SIM, CURRENCY ANALYST, BANK OF SINGAPORE

“We still don’t know how contagious the virus is … it’s a general uncertainty. The markets are anticipating the risk of another global wave of infections if vaccines remain ineffective.

“The hopes of reopening could be dashed.”

MARK ARNOLD, CIO, HYPERION ASSET MANAGEMENT, BRISBANE

“I don’t think there’s going back to the pre-COVID world. We’re only going to get mutations over time and that’s going to change the way people work in business. That’s just the reality. “

SHINICHIRO KADOTA, SENIOR FX STRATEGIST, BARCLAYS, TOKYO

“We see that Germany is considering a lockdown, so this new variant and the flare-up of the COVID situation carries a certain risk for the market sentiment in general.

“If the COVID situation worsens, the dollar-yen could decline further, but otherwise the monetary divergence will definitely weigh on the yen in the medium term.”

MARTIN WHETTON, HEAD OF FIXED INCOME, CBA, SYDNEY

“Keep an eye on the new COVID-19 variant. Neither of us are virologists, but we have all seen the impact this has had on the intended path of central bank policy and markets. “

JEFFREY HALLEY, ANALYST, OANDA, JAKARTA

“The UK has suspended flights from South Africa and five other neighboring countries, and we can expect more of them elsewhere. The complacency with the advent of the delta variant in India is a lesson that has been learned hard.

“The only cop in the China shop that could really ruin the global recovery has always been a new COVID-19 strain that swept the world and caused the reintroduction of massive social withdrawals. Everything we know so far is the B.1.1.529. “Has changed a lot, but the markets are not taking any risks.”

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Reporting by Tom Westbrook in Sydney and Kevin Buckland and Hideyuki Sano in Tokyo; Editing by Sherry Jacob-Phillips

Our standards: The Thomson Reuters Trust Principles.

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Reference-www.nach-welt.com

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