FTSE 100 falls sharply on new virus variant fears

ftse 100 falls sharply on new virus variant fears

Sumary of FTSE 100 falls sharply on new virus variant fears:

  • More than £65bn was wiped off the UK stock market on Friday, reflecting fears that a new coronavirus variant could wreak further havoc on international business and travel.
  • Engine maker Rolls-Royce and oil giants BP and Shell were also among big fallers.
  • Overnight, Asian markets suffered their sharpest drop in two months after the detection of the possibly vaccine-resistant coronavirus variant.
  • Image: The FTSE 100 was on course for its steepest one-day drop in a year The variant, first identified in Botswana, has a “very unusual constellation” of mutations that could help it dodge vaccine immunity and natural antibodies, scientists have said.
  • On Friday morning, Israeli health authorities said they had detected a case of the new variant.

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