Global markets slump on concerns over new Covid-19 variant – Community News
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Global markets slump on concerns over new Covid-19 variant

Global stock markets and US stock futures fell after South Africa raised the alarm about a new, rapidly spreading form of the coronavirus, raising concerns about the potential for new travel restrictions or other restrictions that could limit economic activity.

With US stocks poised for a shortened trading session after a one-day Thanksgiving hiatus, market participants said global moves were likely bolstered by thin trading volumes.