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Stock markets and oil slide as China lockdown fears rattle markets – business live

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Rolling coverage of the latest economic and financial news, as global growth worries hit stocks

Fears about the economic toll of China’s strict Covid Zero policy have pushed its currency, the yuan, to a one-year low.The benchmark CSI 300 Index dropped more than 4% to the lowest since May 2020, wiping out gains from a March pledge by officials to support the economy.

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