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Analysis: Was the stockmarket’s reaction to the new Covid variant reasonable or excessive?

RIO DE JANEIRO, BRAZIL - Friday's session was expected to be calm, with trading running on reduced hours in the United States after the stock markets had closed the day before for the Thanksgiving holiday. But Black Friday turned out to be much more eventful than expected, with news of a new Covid-19 strain derailing stock markets and commodities worldwide.

The new strain has been

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