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The Latest Breaking News from Shanghai

Oil sinks over China demand fears, as stocks rise on Ukraine talks

London (AFP) - World oil prices dived Monday as Shanghai's phased Covid lockdown reignited fears over Chinese energy demand.

AFP

FTSE report: Oil slips and bitcoin jumps as Shanghai Covid lockdown rekindles supply chain fears

The move to lockdown 26 million residents in the major Chinese city Shanghai has hit Asian share prices and knocked Brent crude

Evening Standard

Stocks Mixed, Week Ahead, Apple, Tesla, Will Smith & Chris Rock - 5 Things You Must Know

Stock futures mixed as bond yields rise, oil prices tumble; Week Ahead: Jobs data in focus as recession signals flash red; Apple shares slump amid reports of iPhone production cuts; Tesla shares slip as Shanghai lockdown closes gigafactory and Will Smith slaps Chris Rock, marring Oscars 2022

The Street

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Half of Shanghai in Lockdown to Curb Covid-19 Outbreak

Millions of people in China's financial hub were confined to their homes on Monday as the eastern half of Shanghai went into lockdown to curb the country's biggest ongoing Covid-19 outbreak. The move, announced late Sunday, caused a run on grocery stores by residents who have become increasingly exasperated with…

Asharq Al-Awsat

Markets mostly rise, eyes on Ukraine talks and Shanghai lockdown

Hong Kong (AFP) - Stock markets mostly rose Monday with traders hoping for progress in ceasefire talks between Russia and Ukraine this week, though gains were tempered by a phased lockdown in Shanghai that led to fresh concerns about already strained supply chains.

AFP

Markets mixed, eyes on Ukraine talks and Shanghai lockdown

Hong Kong (AFP) - Stock markets were mixed Monday with hopes for some progress in ceasefire talks between Russia and Ukraine this week tempered by a phased lockdown in Shanghai that led to fresh concerns about already strained supply chains.

AFP

Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

Caixin Global

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Oil Falls as Shanghai Lockdown Boosts Fears Over Weaker Demand

Oil prices fell more than $3 on Monday as fears over weaker fuel demand in China grew after its financial hub of Shanghai launched a planned two-stage lockdown on Monday to contain a surge in COVID-19 infections. The market kicked off another week of uncertainty, buffeted on one side by…

Asharq Al-Awsat

Large parts of Shanghai locked down as mass Covid-19 testing begins

China has reported more than 56,000 infections nationwide this month

Wales Online

Asian markets mixed, eyes on Ukraine talks and Shanghai lockdown

Hong Kong (AFP) - Asian markets fluctuated Monday with traders hopeful for some progress in ceasefire talks between Russia and Ukraine this week, though a phased lockdown in Shanghai led to fresh concerns about already strained supply chains.

AFP

Half of Shanghai in lockdown to curb Covid-19 outbreak

Shanghai (AFP) - Millions of people in China's financial hub were confined to their homes on Monday as the eastern half of Shanghai went into lockdown to curb the country's biggest ongoing Covid-19 outbreak.

AFP

Shanghai locks down as COVID surges in China's financial hub

China's financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restricting highway traffic in a scramble to contain surging COVID-19 cases.

Reuters

Much of Shanghai locked down as mass COVID-19 testing begins

China began locking down most of its largest city of Shanghai on Monday as part of its strict COVID-19 strategy, amid questions over the policy’s economic toll

The Independent UK

China to lockdown Shanghai after surge in Covid infections

The city will be locked down in two stages so testing can be carried out

Evening Standard

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AFP

Shanghai to lock down in phases to rein in Covid-19 outbreak

Shanghai (AFP) - Shanghai will launch a phased lockdown to curb an Omicron-fuelled Covid-19 outbreak that has hit China with its highest caseloads since the early days of the pandemic, the city government said Sunday.

Bangkok Post

Shanghai to lock down half city in turns for mass Covid test

Shanghai will lock down each half of the mega city in turns to conduct a mass testing blitz as authorities scramble to staunch a spiralling virus outbreak in the financial hub and beyond.

AFP

Shanghai to impose phased Covid-19 lockdown: government

Caixin Global

Shanghai Hits a New High in Daily Covid Cases

On Friday, the Asian financial hub reported 38 confirmed local infections and 2,231 asymptomatic cases

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AFP

Shanghai won't lock down despite Covid spike: official

Shanghai (AFP) - Shanghai on Saturday recorded a sharp rise in Covid-19 cases, but a member of the city's pandemic task force said officials were determined to avoid a full lockdown over the damage it would do to the economy.

Caixin Global

Shanghai Composite Index Fell 1.17% on Friday

Shenzhen Component Index closed down 1.89%

The Guardian - AU

Frustration with Covid response grows in China as daily cases near 5,000

As the Omicron variant takes hold, some say the country’s hardline approach is causing more deaths than the virus itself

Bangkok Post

Hermès brings pop-up gym to Bangkok

With creative flair, the Parisian luxury brand Hermès is challenging the fashion world in the post-pandemic era by opening a new gym, HermèsFit, where everyone can join in a fit, healthy and lavish lifestyle and also experience the house's fantastic range of accessories as well as silk materials. A few…

Caixin Global

Shanghai Financial Firms Ask Staff to Sleep in Office Amid Local Covid Flare-Up

Authorities issue stay-at-home orders, launch mass testing in the city’s busy financial district to contain its latest Covid flare-up

Benzinga

US Goods Risk Delay As China's Lockdowns Heightens Shipping Port Jams: Bloomberg

The key Chinese ports of Shenzhen and Hong Kong face congestion, which rose to the highest level in five months due to COVID-19 lockdowns. It could pose possible delays to goods heading to the U.S. this summer, reported Bloomberg. Ryan Closser, a director at FourKites, states, “Shenzhen is the second-busiest port…

AFP

'China's Fauci' calls for protecting 'normal life' in Omicron fight

Shanghai (AFP) - A top doctor in China's pandemic fight who came under pressure last year for questioning the country’s zero-Covid policy has called again for balancing anti-virus measures with maintenance of normal life as China struggles with an Omicron surge.

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