Yuan Plunge

World

China Lockdown Angst Rips Through Markets as Stocks, Yuan Plunge

harry
April 26, 2022
China
China Lockdown
Yuan Plunge

Concerns about the economic victims of Covid China’s zero policy intensified Monday, as news that locking spread to Beijing sent shares, commodities and Yuan fell. The CSI 300 Index benchmark is closed nearly 5%, at the lowest level since April 2020, destroying profits from the March promise which sweeps by officials to support the economy. […]