Stock markets to be volatile until clarity on Omicron emerges; gold to benefit

The Straits Times Index saw its largest single-day decline in a year on Nov 30, falling 2.5 per cent to 3,041.29. ST PHOTO: ARIFFIN JAMAR
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SINGAPORE - Markets are expected to be volatile as experts gauge the impact of the Omicron virus variant in terms of transmissibility, severity and vaccine efficacy in the coming weeks.

"We will only get better clarity in a few weeks' time, when the World Health Organisation, scientists and vaccine makers delve deeper into the latest variant to assess how infectious and lethal it is," Mr Vasu Menon, executive director of investment strategy at OCBC Bank, told The Straits Times.

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