Stocks, oil tumble on virus variant fears

By Carolyn Cohn and Tom Westbrook
Updated November 26 2021 - 10:48pm, first published 10:44pm
Moves in Treasuries were sharp in Tokyo as yields quickly pulled back some of the week's gains.
Moves in Treasuries were sharp in Tokyo as yields quickly pulled back some of the week's gains.

Global stocks tumbled on Friday and oil fell below $US80 ($A112) a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen and the Swiss franc.

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