October 4 2022 1:26 PM E-paper Subscribe Sign in My Account Sign out

Shares hit as new variant rattles investors

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Europe’s main equity markets were down at least three per cent approaching the half-way mark following sharp falls in Asia. (Photo: AFP)
AMMAN - Stock markets across the world have fallen sharply after the discovery of a new Covid variant raised fears over the economic recovery.
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The FTSE 100 index of leading UK shares closed 3.7 percent down, while main markets in Germany, France and the US also sank.

Shares in airlines and travel firms were hit hard, with BA-owner IAG and Wizz Air down 15 percent. Tui shed 10 percent.

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