News Snapshot:
In addition to profit-taking following two weeks of gains, China equities closed down on Monday as Beijing announced 99 new COVID-19 cases, the biggest daily total in the capital during the current outbreak. The Shanghai Composite Index was virtually unchanged at 3,146.86 points while the blue-chip CSI300 index dropped 0.6 percent to 4,053.98. ** Zhang Yanbing, an analyst at Zheshang Securities, stated: “There is some resistance after the Shanghai Composite benchmark rallied more than 200 points from a recent trough.” ** Denting sentiment, a month-old outbreak that has progressively seen a dozen new cases a day has seen the Chinese...
