News Snapshot:
(Bloomberg) – Chinese stocks tumbled on Monday as mounting concern over a Covid outbreak at home and rising global interest rates added to persistent regulatory headwinds. Most Read from Bloomberg The tech sector was once again at the forefront of losses, with the Hang Seng Tech Index losing as much as 5% in Hong Kong. The broader Hang Seng Index as well as China’s benchmark CSI 300 Index slumped as much as 3%. Investors in Chinese equities are facing multiple challenges at home and abroad, causing the market to plunge again despite mid-March vows from authorities to support the economy...
