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Asian stocks shaken by Omicron fears… KOSPI year-round lowest

Omicron fears hit Asian stock markets today (30th).

The Japanese and Hong Kong stock markets fell more than 1%, with the KOSPI falling the most.

The KOSPI fell 2.4% from yesterday and closed at the 2839 level, the lowest level this year.

There are two main reasons for the large decline.

As previously reported, Moderna CEO’s one remark saying, “Existing vaccines are unlikely to be effective against Omicron,” and the news that industrial production decreased significantly last month also had an impact.