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Chinese stock exchanges plummeted due to Covid-19 worsening

Chinese stock exchanges plummeted due to Covid-19 worsening

Beijing, Apr 25 (Prensa Latina) China's stock exchanges on Monday sank down 3,000 points, the biggest fall in 22 months, as a reaction to the worsening of the Covid-19 outbreak that keeps Shanghai locked down and could also leave Beijing in isolation.
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The Shanghai Composite Index edged down 2.4 percent, the Shenzhen Component Index lowered 2.17 percent; the ChiNext board fell 1.73 percent and the CSI 300 index was down 1.52 percent.

According to reports, aviation, coal and the consumer goods retailer were the most affected sectors by the collapse in China’s stock exchanges.

This Monday, China reported 51 deaths and 20,261 Covid-19 contagions.

Once again, all deaths and mostly new cases came from Shanghai, the current epicenter of the re-emergence the country has been experiencing since March and considered the worst since the outbreak of the pandemic in Wuhan.

Beijing makes PCR tests to more than 3.5 million residents in Chaoyang district, and will also repeat them on Wednesday and Friday because that area recorded 26 of 42 cases reported in the city between Friday and Sunday.

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