Omicron, inflation top market concerns

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Philippine Star

Iris Gonzales – The Philippine Star December 6, 2021 | 12:00am MANILA, Philippines — Much like the rest of Asian bourses, jitters over the Omicron variant spooked the local stock market last week, driving a massive selloff. But as investors digested the news on the discovery of the new COVID variant, bargain hunters took over and lifted the market above the 7,000 territory again. The Philippine Stock Exchange index (PSEi) plunged by as much as 350 points before slightly recovering, ending lower by 233 points or 3.07 percent week-on-week. “The Omicron variant sent waves of panic across the glob…

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