Australian health stocks slide most in 3 weeks on Omicron concerns

ResMed

06/01/2022 03:36

** Australia's health index  .AXHJ  slides as much as 2.8%,
set for their worst intraday session since Dec. 16, 2021 
    ** Citi says Australia's Omicron outbreak is the "largest"
since the pandemic began with knock-on effects on labour force
participation
    ** This comes as the Omicron variant sets record-high
numbers in COVID-19 cases in Australia on Wednesday  urn:newsml:reuters.com:*:nL1N2TL03U
   ** Ramsay Health Care  RHC.AX  is the top loser on the index
losing as much as 5.5%, their worst intraday session since Nov
11, 2021
   ** Index heavyweights Resmed Inc  RMD.AX  slid as much as 4%,
its lowest since July 16, 2021 while CSL Ltd  CSL.AX  fell as
much as 2.6%, its lowest since Dec. 21, 2021
   ** The S&P/ASX 200 Health Care Index hits lowest level since
Dec. 21, 2021 
   ** The index gained 7.1% in 2021

    

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))