BRUSSELS (AP) — The discovery of a new coronavirus variant sent a chill through much of the world Friday as nations raced to halt air travel, markets fell sharply and scientists held emergency meetings to weigh the exact risks, which were largely unknown.
A World Health Organization panel named the variant "omicron" and classified it as a highly transmissible virus of concern, the same category that includes the delta variant, the world's most prevalent. The panel said early evidence suggests an increased risk of reinfection.
Medical experts, including the World Health Organization, warned against any overreaction before the variant that originated in southern Africa was better understood. But a jittery world feared the worst nearly two years after COVID-19 emerged and triggered a pandemic that has killed more than 5 million people around the globe.
"We must move quickly and at the earliest possible moment," British Health Secretary Sajid Javid told lawmakers.
There was no immediate indication whether the variant causes more severe disease. As with other variants, some infected people display no symptoms, South African experts said.
Even though some of the genetic changes appear worrisome, it was unclear if the new variant would pose a significant public health threat. Some previous variants, like the beta variant, initially concerned scientists but did not spread very far.
The 27-nation European Union imposed a temporary ban on air travel from southern Africa, and stocks tumbled in Asia, Europe and the United States. The Dow Jones Industrial Average dropped more than 1,000 points. The S&P 500 index was down 2.3%, on pace for its worst day since February. The price of oil plunged nearly 12%.
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Associated Press writers Lorne Cook in Brussels, Colleen Barry in Milan, Pan Pylas in London, Jamey Keaten in Geneva, Mike Corder in The Hague, Dave McHugh in Frankfurt, Carley Petesch in Dakar, Andrew Meldrum in Johannesburg and Frank Jordans in Berlin contributed to this report.