News Snapshot:
(Bloomberg) – Chinese stocks plunged on Monday as growing worries about a Covid outbreak at home and rising global interest rates added to lingering regulatory headwinds. Bloomberg’s Most Read The technology sector again led the losses, with the Hang Seng Tech index losing as much as 4.7% in Hong Kong. The broader Hang Seng index was down 2.5%, while China’s benchmark CSI 300 index also fell 3% ahead of the lunch break. Investors in Chinese equities are facing multiple challenges at home and abroad, causing the market to fall further despite promises made in mid-March by the authorities to support...
