Shanghai’s sweeping, two-phase lockdown will likely deal a heavy blow to businesses reliant on consumer spending, though economists say the city’s industrial sector can largely withstand the ... ( read original story ...)
Shanghai Locks Down Half of City to Fight Covid Outbreak
The city of 25 million people locked down areas, which includes its financial and industrial parks, for four days. ( read original story ...)
GLOBAL MARKETS-Oil hit by Shanghai shutdown; yen sinks as BOJ defies the yield tide
Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the ... ( read original story ...)
China’s yuan touches two-week low after Shanghai orders two-stage lockdown
China's yuan weakened on Monday to a near two-week low against the dollar, as investor sentiment soured on heightened worries about economic disruption from COVID-19 after Shanghai took fresh lockdown ... ( read original story ...)
China’s Shanghai launches two-phase lockdown as COVID surges
China's financial hub of Shanghai launched a two-stage lockdown of its 26 million people on Monday, closing bridges and tunnels, and restricting highway traffic in a scramble to contain surging ... ( read original story ...)
Shanghai starts China’s biggest Covid lockdown in 2 years
The financial capital will conduct mass testing in two phases as questions are raised about the economic toll of the nation’s zero-tolerance strategy. ( read original story ...)
Shanghai Covid: Oil prices slide after city starts lockdown
Global oil prices have fallen as China starts to implement a city-wide lockdown in Shanghai, an important financial and manufacturing hub. Brent crude lost more than $3 a barrel on concerns that the ... ( read original story ...)