Whoops! Moderna Boss Calls Omicron Vaccine Invulnerable, JCI Falls

Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) suddenly fell from the previous run in the green zone. The index moves very volatile.

In session I, JCI still closed up 0.41%. However, in the first 10 minutes of trading session II, the JCI immediately fell 0.42% to a level of 6,578.90.

Along with the red stock index, foreigners also recorded a net sell in the regular market of Rp 382.42 billion as of 13.40 WIB.

The majority of Asian stock markets also sank in the red, following the Dow Futures index which fell more than 1% this afternoon.

The trigger for the collapse of the global stock index is still around a new variant of Covid-19 called Omicron. After setting fire to the market last weekend, yesterday the market rebounded.

But today the market is again a feared ghost in the market. The latest developments came from Moderna CEO Stephane Bancel who said that the current vaccine was deemed less effective against the new variant.

Domestically, negative sentiment also came from the increase in PPKM in DKI Jakarta from level 1 to level II.

The policy will be implemented starting today, November 30, 2021, until December 13. In addition, at the end of the year, the government also plans to re-implement PPKM level III to prevent another spike in Covid-19 cases.

The WHO said the Omicron variant of the coronavirus was likely to spread internationally, posing a “very high” global risk associated with a spike in infections that could have “severe consequences” in some areas.

President Joko Widodo (Jokowi) for the first time spoke about the new variant of the Covid-19 Omicron.

Speaking while giving a speech on the Delivery of DIPA and the List of Transfer Allocations to Regions and Village Funds for 2022, Jokowi emphasized that the Covid-19 pandemic was not yet completely over.

“We must remain vigilant, because the pandemic is not over yet,” said Jokowi at the State Palace, Presidential Palace complex, Jakarta, Monday (29/11/2021).

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

(hps / hps)



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