Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Stocks & Markets Analysis
Views 3.3M Contents 5433

Omicron's global spread prompts renewed lockdowns

Many nations are on high alert just days ahead of Christmas and New Year celebrations, as the latest health crisis also takes a toll on financial markets, which fear the impact on the global economic recovery. Omicron infections are multiplying rapidly across Europe, the United States and Asia, including Japan where a single cluster at a military base has grown to at least 180 cases.
New Zealand Covid-19 Response Minister Chris Hipkins said his country, which imposed some of the world's toughest COVID-19 measures, was delaying the start of a planned staggered reopening of its border until the end of February.
In India, New Delhi Chief Minister Arvind Kejriwal urged citizens to wear masks and appealed to the federal government to allow booster vaccine doses as the country reported 200 cases of the variant across 12 states.
In Singapore, the health ministry was carrying out testing to determine whether Omicron was behind a suspected cluster of cases at a gym and warned more cases were likely.
In the United States, officials said the variant claimed the life on Monday of an unvaccinated man in Texas after becoming the dominant strain in the country. Lines for Covid-19 tests wrapped around the block in New York, Washington and other US cities as people clamoured to find out if they were infected before celebrating the holidays with family.
South Korea, the Netherlands, Germany and Ireland were among countries to reimpose partial or full lockdowns, or other social distancing measures, in recent days
British Prime Minister Boris Johnson on Monday said the situation was "extremely difficult" as hospitalisations rose steeply in London. His government was not ruling out any steps, including potentially limiting tourism.
The Omicron variant was first detected last month in southern Africa and Hong Kong and so far has been reported in at least 89 countries. The severity of illness it causes remains unclear, but the World Health Organization (WHO) warned it is spreading faster than the Delta variant and is causing infections in people already vaccinated or who have recovered from the Covid-19 disease. The rapid spread of the variant has ignited fears that more countries may impose economically disruptive restrictions, impacting markets.

If you wish to leverage on this, consider using
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
4
+0
1
Translate
Report
10K Views
Comment
Sign in to post a comment
88Followers
6Following
73Visitors
Follow