News Snapshot:
Shanghai and Beijing conducted new rounds of COVID-19 mass testing on Monday, raising fears of further outbreaks and lockdowns, while high-flying US inflation fueled concerns that the Federal Reserve may tighten policy for too long, causing a sudden slowdown. At the end of the morning session, the CSI300 index sank 1.3 percent to 4,184.81 points, while the Shanghai Composite Index fell 1.1 percent to 3,248.51 points. To 21,193.95 points, the Hang Seng index fell 2.8 percent. The China Enterprises Index in Hong Kong lost 2.9 percent to 7,392.79. Three rounds of mass testing have been announced in Beijing’s most populous...
