Growing fears about China's latest Covid-19 outbreaks rattled investors, who fear authorities will revert to highly restrictive containment measures.
File: Asian markets tracked another day on worldwide stock exchanges.HONG KONG - Growing fears about China's latest Covid-19 outbreaks rattled investors, who fear authorities will revert to highly restrictive containment measures that have already dealt a chilling blow to the world's number two economy this year.
They come as infections rise across the country, with residents in Beijing worried that leaders will introduce lockdown measures similar to those seen earlier in the year in Shanghai, which lasted for months. Analysts said the latest developments highlight the long road ahead for China in emerging from the crisis as President Xi Jinping sticks solidly to a zero-Covid strategy that is widely blamed for the country's economic troubles.
"Some investors are convinced that China's reopening is a formality and will be catalysed by the downgrading Covid to an endemic.
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