Chinese Stocks Collapse As Beijing Situation Turns ‘Grim’

Fears of a Shanghai-esque lockdown in Beijing undercut already fragile risk sentiment Monday, sending global shares sharply lower. Beijing logged 29 local COVID cases in 24 hours through Monday afternoon, bringing the total since late last week to 70. Cases are spread across eight districts, with more than half in Chaoyang, the city's business hub. Local officials in the tourism bureau banned group travel, according to Xinhua. I'll recycle some language I've used previously. This seems wholly

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2 thoughts on “Chinese Stocks Collapse As Beijing Situation Turns ‘Grim’”

What will Xi do to support economy against this massive own goal? One obvious tool is to turn up dial on infrastructure and housing development. While the domestic companies engaged in this work are not interesting to me, the commodity implications may be investable.