Chinese shares fell as the reintroduction of harsh Covid-19 restrictions at the weekend raised concerns that lockdowns could once again weigh on the growth of the world’s second-largest economy.
China’s benchmark CSI 300 index of Shanghai- and Shenzhen-listed stocks dropped about 2 per cent on Monday as spooked investors dumped shares in response to the imposition of measures to halt the spread of new Covid outbreaks.
The emergence of the highly contagious BA.5 Omicron coronavirus sub-variant in mainland China has raised concerns that cities across the country could soon be forced back into stringent lockdowns.
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