市场见解

COVID-19 Omicron can’t stop shares charging up: expert

A new coronavirus variant of concern has frightened the world. Here’s what this could mean for the stock market.
The post COVID-19 Omicron can’t stop shares charging up: expert appeared first on The Motley Fool Australia. –

Here we go again. 

A new variant of COVID-19, named Omicron, over the weekend prompted many countries to close borders and sent share markets tumbling.

The S&P 500 (SP: .INX) sank 2.3% on Saturday morning, while the STOXX Europe 600 (STOXX: SXXP) fell a shocking 3.7%.

The futures market is tipping the S&P/ASX 200 (ASX: XJO) to drop 1.4% on Monday morning, in its first trade after Omicron was declared.

Prime Minister Scott Morrison has called an urgent national cabinet meeting to form a national response to the new health threat.

“It’s about whether people are getting a worse illness or it’s going to put stress on your hospital system,” he told Nine’s Today show.

“The fact we’ve had a new variant is not a surprise. We’ve been saying all through the pandemic that new variants also come.”

All hell is breaking loose. What does this mean for our ASX shares?

No need to panic, says one expert

One expert is urging investors to hold tight and not panic.

DeVere Group chief executive Nigel Green predicted over the weekend that Omicron would trigger a temporary correction, but that would be quickly shrugged off.

“The fact that a new strain has been discovered and, critically, that at this stage we know little about it has caused jitters in the financial markets, which loathe uncertainty,” he said. 

“The headlines have caused a knee-jerk reaction.”

He added it didn’t help that US markets were closed for 1.5 days last week due to the Thanksgiving holiday, meaning market movements were exaggerated.

“This wobble is likely to be temporary with markets remaining bullish for the time being.”

Just look what happened after Delta arrived

Green pointed out that the Delta variant of the coronavirus triggered only a temporary shock on markets earlier this year.

“Global shares have jumped 16% this year with investors focusing on the post-pandemic economic rebound. They largely shrugged off the Delta variant that caused a mini wave of market nerves in the [northern] summer,” he said.

“It’s likely that markets will do the same with this new variant.”

Health authorities would have been expecting new types of the virus to pop up and would be better prepared after the experience of Delta.

And this, according to Green, would mean stock markets can quickly move on from Omicron worries and focus on other issues.

“Global financial markets will be focusing on other pressing issues including high inflation caused by supply side bottlenecks and the likelihood of a quicker pull away from ultra-loose monetary environment,” he said.

“Markets will temporarily wobble on the uncertainty of this new Covid variant, but will remain bullish.”

The post COVID-19 Omicron can’t stop shares charging up: expert appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

These are the 10 most shorted ASX shares

Why this fundie says Estia Health (ASX:EHE) shares are a smart pick for 2022

When could Webjet (ASX:WEB) earnings return to pre-COVID levels?

2 exciting small cap ASX shares named as buys

New artificial intelligence ASX share rockets 13% on debut

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!