News Snapshot:
Almost 100 listed companies in mainland China have been affected by Covid-19 lockdown measures in Shanghai and elsewhere, undermining the corporate earnings outlook on top of other economic headwinds for investors in the world’s second-biggest stock market. The 98 companies on the Shanghai and Shenzhen exchanges probably saw a slowdown in earnings growth last quarter, because of production halts or supply-chain disruptions, according to analysts at Zheshang Securities based on stock-exchange disclosures. The affected industries include everything from construction and clothing to food and household appliances, they added. Most of the companies are smaller enterprises, showing their vulnerability to the...
