The revelation built on investor worries last week about infection numbers in the United States - the world's largest economy ahead of China - that was also reflected in market values.
Michael McCarthy, chief market strategist at CMC Markets, said in a note:"Reports of a new COVID-19 lockdown in Beijing speak directly to market fears that the measures taken to contain the virus so far are not enough."Japan's Nikkei was 3% down while all the major stock markets in Europe registered losses at the open with the CAC in Paris, German DAX and Spanish IBEX all down close to 3%.
The FTSE fell more than 2% in a broad-based sell-off though values later recovered some poise Europe-wide heading towards midday with all the major bourses down by around 1%.
FFS, what the hells going on in China-whatever it is, its out of control and being kept secret. Governments across the world should protect humanity with an immediate and total blockade on all humans and goods leaving this disease-infested country with NATO military enforcement.
This is why waiting on vaccines is such an ineffective way to fight virus outbreaks. So each time a new virus ravages the population hundreds of thousands must die before vaccines are found.Time scientists step up and rise to challenge this absurdity.Effective treatment now....
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