Chinese shares plunge as Shenzhen goes into lockdown – live updates


Associated Press

World shares mixed, Hong Kong index dives 5.4%

World shares were mixed Monday while Hong Kong’s Hang Seng index plunged 5% after the neighboring city of Shenzhen was ordered into a shutdown to combat China’s worst COVID-19 outbreak in two years. The spreading virus outbreaks in China are compounding worries over supply chain disruptions both from the pandemic and from the war. A vital manufacturing and technology hub of 17.5 million people, Shenzhen is home to some of China’s most prominent companies, including telecom equipment maker Huawei Technologies Ltd., electric car brand BYD Auto, Ping An Insurance Co. and Tencent Holding, operator of the popular WeChat message service.

Panic Selling Grips China Tech Stocks Again as Concerns Pile Up

Previous article

Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News