Wall Street suffered a sharp fall due to fear of the new variant of COVID: it was the worst Black Friday in history.

Wall%20Street%20suffered%20a%20sharp%20fall%20due%20to%20fear%20of%20the%20new%20variant%20of%20COVID%3A%20it%20was%20the%20worst%20Black%20Friday%20in%20history.
source: archyde.com

The Dow Jones Index lost more than 2%, while the S&P 500 fell 1.7%. The confirmation in South Africa of a new worrying variant with mutations spreads its financial consequences in the global economy in the face of fear of further blockages.

The leading stock indices of the United States fell during the session this Friday after the news of a new variant of the coronavirus that has caused restrictions on international travel. On Friday, Wall Street sank in the shortened session of the holidays, and the Dow experienced its worst loss of the year.

The benchmark Dow Jones Industrial Average ended at 34,899.34, a loss of 2.5 percent, or more than 900 points from the close on Wednesday, before the Thanksgiving holiday. The broad-based S&P 500 fell 2.3 percent to finish at 4,594.62, while the tech-rich Nasdaq Composite Index fell 2.3 percent to 15,491.66.

For its part, the price of intermediate oil in Texas (WTI) closed this Friday with a significant decrease of 5.55%. It stood at 74.04 dollars, a minimum not seen in more than two months, after the release of a new variant of coronavirus in South Africa.

The confirmation in South Africa of a new strain with mutations that, according to experts, mark a "great leap in the evolution" of the pandemic spreads its financial consequences in the global economy in the face of fear of new blockages.

All Asian stock markets closed in the red this Friday. The news generates alerts among investors. Oil collapsed, and stocks in Europe fell by as much as 4%, hitting mainly banks, companies in the tourism sector, and commodities.

In Asia, stock market indicators were in negative territory after the publication of studies warning against the rapid spread in some areas of the world, and particularly in South Africa, of the so-called "B.1.1.529", potentially more contagious than the Delta variant, which unbalanced the globe in recent months.

Tokyo's Nikkei 225 Index closed 2.53% lower after losing more than 3% during the session. In Hong Kong, at the beginning of the afternoon, the Hang Seng lost 2.2%, while the KOSPI of South Korea lost 1.3%. Meanwhile, in Shanghai, Mumbai, and Taipei, the trend was also negative.

Concerned about the spread of the new variant, the World Health Organization (WHO) announced that it would convene a meeting of experts to assess the new scenario amid growing concern worldwide.

As announced by the United Nations international health organization, the objective of the meeting is to determine whether this variant "should be designated as a variant of interest or a variant of concern." WHO spokesman Christian Lindmeier said the UN agency's technical advisory group and other experts on the evolution of the virus were consulting with South African researchers.

Nearly 100 sequences of the variant have been reported so far, and early analyzes show it has "a large number of mutations" that require further study, Lindmeier said.