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Why is the Helloworld (ASX: HLO) share price down 6% on Friday?

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NS Helloworld Travel Ltd (ASX: HLO) Stock prices are skyrocketing today as new COVID-19 variants are identified.

At the time of writing, Helloworld’s share price was $ 2.06, 5.94% lower than the previous closing price.

For context, S & P / ASX200 Index (ASX: XJO) is currently down 1.7%.

Let’s take a closer look at what we know about the variants so far.

What will affect Helloworld’s stock price?

Helloworld’s share price today is ASX200’s peer, as Jenny Harries, CEO of the UK Health Security Agency, said the new COVID-19 variant “clearly reminds everyone that this pandemic isn’t over.” I am suffering alongside.

South africa National Institute of Infectious Diseases (NICD) Yesterday we announced that we had documented the variant. The mutation was originally named B.1.1.529.

In the UK Blame the border The six African countries behind the discovery. He argued that several mutations, including changes in viral protein spikes, could make the mutant resistant to the vaccine, difficult to treat, and easy to spread.

NICD said there were 22 cases of B1.1.529 in South Africa as of yesterday.

another Two cases have been confirmed in Hong Kong.. Authorities there believe it may have spread from travelers arriving from South Africa. Cases have also been found in Botswana.

Once the UK hotel quarantine system is operational, travel between the UK and the banned six countries will resume.

During operation, travelers from South Africa, Botswana, Lesotho, Eswatini, Zimbabwe, or Namibia to the United Kingdom will have to pay and complete a 10-day quarantine at the hotel.

Helloworld’s stock price is not the only suffering today.

NS Webjet Limited (ASX: WEB) When Flight Center Travel Group Co., Ltd. (ASX: FLT) Stock prices fell 4.8% and 5.9%, respectively.

What about the Australian border?

News.com.au reportsAustralia’s Health Minister Greg Hunt said at a news conference this morning that Australia’s border restrictions would remain the same. The publication quoted Hunt as saying:

If the medical advice is that we need to change [border restrictions]Don’t hesitate …

At this time, there is little direct traffic between South Africa and Australia.

Also, we are now very very highly vaccinated … it’s a very different position. [where we were] When the delta variant emerged in India

Why is the Helloworld (ASX: HLO) share price down 6% on Friday?

Source link Why is the Helloworld (ASX: HLO) share price down 6% on Friday?

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