Philequity Corner – Wilson Sy – The Philippine Star December 6, 2021 | 12:00am The discovery of the more transmissible Omicron variant renewed volatility in financial markets. Stock markets worldwide tumbled. Risk assets like crude oil and cryptocurrencies tanked, while yields on US Treasuries slid. At its low, the S&P 500 fell 4.4 percent, the Euro Stoxx 50 by 5.4 percent, the Japanese Nikkei by 5.9 percent, and the Philippine Stock Exchange Index by 5.7 percent. Investors are worried over the possibility of another spike in cases, the uncertainty that the variant is resistant to current vacc…

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