China Stocks Slump Again as Beijing Covid Surge Weighs


Source: asiafinancial.com asiafinancial.com

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Market attention has now jumped to China’s capital where authorities are in a race to keep a lid on the latest coronavirus outbreak China stocks continued their descent on Tuesday as surging Covid cases in Beijing added to investors’ worries over growth in the world’s second largest economy. Hong Kong stocks recovered slightly after Monday’s hefty losses but mainland markets fell even further with traders on edge over a Covid flare-up that has led to lockdowns in the country’s major cities. The blue-chip CSI300 index closed 0.81% lower at 3,784.12, the Shanghai Composite Index lost 1.44% to 2,886.43 points, while...