Stocks tumble on new coronavirus variant fear

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New Variant 'Concerning,' Market Reaction 'Understandable' - Credit Suisse

November 26, 2021 7:23 AM EST

Credit Suisse analyst Dominic Lunn has weighed in to discuss recent press reports about the new COVID-19 variant that is spreading around from South Africa in a swift manner.

It was reported that the first case was found in Botswana and then responsible for a sharp increase in COVID-19 cases in South Africa.

Early evidence suggests a very rapid displacement of the delta variant, which is known to be dominant in South Africa. When we look back at the... More