A person rides a bicycle on the street during morning rush hour, following the outbreak of the coronavirus disease , in the Central Business District in Chaoyang District, Beijing, China November 21, 2022.A person rides a bicycle on the street during morning rush hour, following the outbreak of the coronavirus disease , in the Central Business District in Chaoyang District, Beijing, China November 21, 2022.
Asian share markets and oil prices slipped on Monday as investors fretted about the economic fallout from the intensifying COVID-19 situation in China, with the risk aversion benefiting bonds and the dollar. But late on Sunday, Shijiazhuang announced it would conduct mass testing in six of its eight districts over the next five days after new daily local cases hit 641. It also encouraged residents to shop online and ordered some schools to suspend in-person teaching.
China’s recent efforts to make its COVID-19 curbs more targeted have sparked investor hopes of a more significant easing even as China faces its first winter battling the highly transmissible Omicron variant.
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