Chinese markets slump over fears of how Covid-19 lockdowns will hurt economy
16 March 2022 |
11:12 am
Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of vehicles at some plants in Germany over a shortage of parts that are supplied from Ukraine.
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