China markets tank as protests erupt over Covid lockdowns | CNN Business

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Shares open sharply lower in China after protests escalate over zero-Covid measures.

China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng\n \n Index fell as much as 4.2% in early trading. It was last down 3.5%. The Hang Seng\n \n China Enterprises Index, a key index that tracks the performance of mainland Chinese companies listed in Hong Kong, tumbled 3.6%.

The markets tumble comes after protests erupted across China in an unprecedented show of defiance against the country’s stringent and increasingly costly zero-Covid policy. In the country’s biggest cities, from the financial hub of Shanghai to the capital Beijing, residents gathered over the weekend to mourn the dead from a fire in Xinjiang, speak out against zero-Covid and call for freedom and democracy.

 

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Im sure it wont last long

His name is ArashSadeghi, he is suffering from cancer but has been arrested by Islamic regime! He needs special diet and immediate treatment, but the regime forbidden him from any medical care! He has spent whole his life fighting for freedom! Please be his voice! MahsaAmini

They really know how to protest over there.

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Apple has a huge problem with its supplier's iPhone factory in China | CNN BusinessA violent workers' revolt at the world's largest iPhone factory this week in central China is further scrambling Apple's strained supply and highlighting how the country's stringent zero-Covid policy is hurting global technology firms. Remember when Steve Jobs made fun od chinese Apple workers who commited suicide because they where desperate? If the phones are made in China how does Apple justify the ridiculous prices? Fucking CNN's reports! Why donot you say the shitting US's chip policy is hurting global cooperation and economy.
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