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Some Chinese companies suspend production in Zhejiang province on virus outbreak

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SHANGHAI: More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China\u0027s eastern Zhejiang province in response to local government\u0027s tightened COVID-19 curbs, causing their share prices to plunge. Zhejiang reported a total of 173 locally transmitted cases

SHANGHAI: More than a dozen Chinese-listed companies said they had suspended production in coronavirus-hit parts of China's eastern Zhejiang province in response to local government's tightened COVID-19 curbs, causing their share prices to plunge.

Their shares fell sharply in early trading on Monday. Zhejiang Chunhui Intelligent Control and Zhejiang Yankon Group suffered the biggest losses, with their shares falling more than 7 per cent each. Ningbo Homelink, which makes plastic products, said in an exchange filing late on Sunday that it had halted production in its home city Ningbo at the request of local authorities, and is taking measures to minimise the negative impact on its business.

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浙江省怎麼了？又有新冠疫情爆發嗎？

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