How did oil prices react to the news of the new COVID variant?
Stocks Sink Amid Fears Of New COVID-19 Variant
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The transcript discusses the market sell-off triggered by a new COVID variant, affecting global stocks and oil prices. Major stock exchanges in cities like London, Tokyo, and Hong Kong experienced declines. A foreign exchange expert noted that investors tend to react quickly and seek more information later, highlighting a cautious approach amid uncertainty.
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What is the implication of investors 'shooting first and asking questions later'?
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