Chinese stock markets have plunged this week on fresh concerns about surging Covid cases that have led to further lockdowns across the country 👇
“These stocks are languishing at the bottom of the index today, with Prudential and Rio both down by more than 3.8%, highlighting investor nervousness towards China-exposed business.”“There are already growing expectations thatcould come in at zero percent, sharply below the government’s 5.5% target. There could be shockwaves across global supply chains, at a time when the world is attempting to get back up to speed post-pandemic.
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