News Snapshot:
Traders work on the floor of the New York stock exchange. Photograph: John Angelillo/UPI/Rex/Shutterstock Global stock markets fell sharply on Monday as fears of new lockdowns in China added to concerns over the health of the world economy. China’s benchmark share index posted its biggest one-day tumble since February 2020, after Beijing’s biggest district began mass testing for Covid-19 because of a rise in infections in the capital. The CSI 300 index fell by 4.9% to hit its lowest level since late May 2020, as authorities ordered that residents in Chaoyang, home to 3.45 million people, should be tested three...
