Emerging-market traders are taking the once-bitten, twice-shy approach with Southeast Asia and omicron, dumping shares from the region that was most impacted when the delta variant arrived.
The MSCI AC Asean Index has fallen about 4% since U.S. Thanksgiving -- when omicron first made its presence known in markets -- underperforming the near 2% decline in Latin American shares and tiny gain in Eastern European equities. The gauge of southeast Asian stocks slumped almost 7% in the two months after the delta variant was officially named at the end of May.
https://news.google.com/__i/rss/rd/articles/CBMicGh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIxLTEyLTA1L3RyYWRlcnMtZHVtcC1hc2Vhbi1zdG9ja3Mtb24tZmVhcnMtb21pY3Jvbi13aWxsLWhhbW1lci1yZWdpb27SAQA?oc=5
2021-12-05 16:00:00Z
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