TOKYO -- Global market capitalization shrank by $3.7 trillion, or 3%, during the past week as the omicron coronavirus variant spread, shaking investor confidence and driving money out of travel-related stocks such as airlines and commodities including oil.
Markets
Stocks lose $3.7tn globally in week after omicron emerges
3% drop fueled by investor uncertainty, with little known about COVID variant
Global market capitalization fell by 3% during the past week, a total of $3.7 trillion, as the new omicron coronavirus variant causes uncertainty among investors. © Reuters
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