Still, the tentative reopening failed to cheer the stock market, which remained volatile amid rising interest rates and capital flight from emerging markets back to the United States. The CSI300, ... ( read original story ...)
Asian Stock Market: China probes bulls with downbeat covid, macro updates
Asia-Pacific markets trade mixed as China’s data, coronavirus updates challenge optimism. Fedspeak, downbeat US data previously triggered recovery moves. Light calendar keeps traders stuck to risk ... ( read original story ...)
Normalcy to return in Shanghai from June 1 as Covid lockdown drags economy
Data on Monday showed China's industrial output fell 2.9% in April from a year earlier, down sharply from a 5.0% increase in March ... ( read original story ...)
Most of Shanghai Has Ended Virus Spread, 1M Left in Lockdown
Authorities say most of Shanghai has stopped the spread of the coronavirus in the community and fewer than 1 million people remain under strict lockdown. ( read original story ...)
Shanghai lockdown: China unemployment rate near pandemic peak
China's jobless rate rose to 6.1% in April, the highest level since the 6.2% peak seen in the early part of the Covid-19 pandemic in February 2020. It comes as widening lockdowns led to a sharp ... ( read original story ...)
Shanghai targets June 1 return to normal as COVID lockdowns cool economy
Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful COVID-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in ... ( read original story ...)
Tesla delays plan to restore Shanghai plant output to pre-lockdown levels – memo
Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city's COVID-19 lockdown by at least a week, according to an internal memo seen by Reuters. ( read original story ...)