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Global markets are falling due to concerns over the new Covid-19 variant

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Global stock markets and US stock futures fell after South Africa sounded the alarm over a new, rapidly spreading strain of the coronavirus, sparking concern about the potential for new travel restrictions or other curbs that could limit economic activity.

With US stocks set for a shortened trading session after a one-day Thanksgiving break, market participants said that global movements were likely to be amplified by thin trading volumes.



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