China shares fall after Shanghai intensifies lockdown against Covid – Pledge Times

tttttttttttttttttttttttttttttt Pedestrian walks in front of the Shanghai Stock Exchange ttttttttttttttttttt tttttttt SHANGHAI (Reuters) – Chinese stocks closed lower on Tuesday as the Covid-19 lockdown in the country’s most populous city weighed on growth prospects, while strong gains from tech companies lifted Hong’s index. Kong. The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 0.35%, while the Shanghai index dropped 0.33%. The CSI300’s financial sector sub-index fell 0.47%, while the consumer discretionary sector lost 1.23% and technology companies were down 2%. Shanghai, China’s financial hub, tightened the first phase of the lockdown on Tuesday,…