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COVID-19 Update | Stocks on JSE fall sharply due to growing new variant Omicron

Stocks on the JSE fell sharply today over growing COVID-19 concerns after a new variant of the virus was detected in the country. The news has triggered demand for safe-haven currencies such as the dollar and gold stocks. Investors say the new variant presents lots of uncertainties in the financial markets. The JSE’s All Share index ended deep in the red over 2% down.

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