Fears of additional Covid lockdowns in China send global stocks tumbling.


Source: bolnews.com bolnews.com

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Fears of additional Covid lockdowns in China send global stocks tumbling. On Monday, global stock markets tumbled dramatically as fears of fresh Chinese lockdowns compounded to worries about the global economy’s health. China’s benchmark stock index fell the most in a single day since February 2020, after Beijing’s largest district initiated mass Covid-19 testing in response to an increase in infections in the capital. The CSI 300 index dropped 4.9 percent to its lowest level since late May 2020, after authorities ordered inhabitants of Chaoyang, which has a population of 3.45 million, to be tested three times this week. Producers...