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 more than 4% since U.S. Thanksgiving -- when omicron first made its presence known in markets -- underperforming the 2% decline in Latin American shares and a 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.
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December 05, 2021 at 11:00PM
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Traders Dump Asean Stocks on Fears Omicron Will Hammer Region - Bloomberg
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