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How do global banks assess Omicron’s risk? JPMorgan, Morgan Stanley and Credit Suisse see opportunity in the speed bump to market recovery

The discovery of Omicron, the new Covid-19 strain, has brought a fresh wave of volatility to Asian markets, which have reacted with alarm to the WHO declaring it a “variant of concern”.The markets took their cues from the United States, where markets saw heavy sell-offs on Friday. The Dow and S&P500 tumbled to their biggest drops in months.As investors fret over whether markets will take another beating from new Covid-19 variants, here are what global banks and fund managers have to say about…

Read the original article at South China Morning Post

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