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MNI BRIEF: ASX Opens Lower On Omicron Fears

The travel sector among the hardest hit.

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The Australian share market continued to move lower on Monday on investor fears on the potential impact of the new Omicron virus strain on the global economy.

Soon after opening, the main S&P ASX 200 index was down 1.1% to 7198.60, extending a decline from last week.

The main index has now lost 2.8% since the market began reacting to the Omicron news on Friday, with the travel sector hardest hit.