China stocks fall amid COVID flare-ups, even as Taiwan tensions ease Business


Source: devdiscourse.com devdiscourse.com

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** Defence stocks retreated 2.4% on Friday, while still up nearly 3% for the week amid geopolitical tensions. ** Energy shares rose more than 2%, and real estate developers added 1.3%. - Country: - China China stocks slipped on Friday as domestic COVID-19 cases rose sharply, though the blue-chip index snapped a five-week losing streak as geopolitical tensions over Taiwan eased. Hong Kong shares rose, led by tech plays. ** The CSI300 index lost 0.1%, but rose 0.8% for the week, after posting five consecutive weekly losses. The Shanghai Composite Index fell 0.2%. ** In Hong Kong, both the Hang...