JSE faces slumping Asian markets on Monday as Covid-19 worsens in China

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JSE faces slumping Asian markets on Monday as Covid-19 worsens in China
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Parts of China's capital Beijing have entered lockdown, exacerbating fears of an economic slowdown in the world's second-largest economy

Parts of China's capital Beijing have entered lockdown, worsening fears of an economic slowdown in the world's second-largest economyThe JSE looks set to struggle amid a torrid session for Asian markets on Monday morning, with investors digesting news that China's Covid-19 outbreak has worsened.

China's zero-tolerance approach to the pandemic is generating concerns of further disruptions for a global economy still recovering from two years of the pandemic, while also grappling with the shock from Russia's invasion of Ukraine. There is also much focus on US earnings this week, as well as inflation numbers from the country, with numerous giants including Amazon and Apple set to report.

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