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Stocks, oil skid as China's COVID-19 protests roil sentiment

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SYDNEY: Stocks and oil weakened on Monday (Nov 28) as rare protests in major Chinese cities against the country's

raised worries about the management of the virus in the world's second-largest economy.

There were also protests in Wuhan, Chengdu and parts of the capital Beijing late Sunday as COVID-19 restrictions were put in place in an attempt to quell fresh outbreaks. "A growing list of cities, including those with large populations, have imposed strong restrictions on movement because of a surge in infections, there will inevitably be a negative impact on economic activity from the restrictions on movement," CBA analysts said on Monday.

 

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Stocks, oil skid as China's COVID protests roil sentimentSYDNEY : Stocks and oil weakened on Monday as rare protests in major Chinese cities against the country's strict zero-COVID policy raised worries about management of the virus in the world's second-largest economy.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6 per cent, after U.S.
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