11/28/2022, 3:11 AM (Source: TeleTrader)
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China stocks down as protests continue

Stock exchanges in Asia traded in the negative territory on Monday as more cities in China saw protests over coronavirus lockdowns, with President Xi Jinping reportedly facing calls from some demonstrators to step down. In addition, new COVID-19 cases increased by over 40,000 for the first time. Late last week, local elections in Taiwan resulted in the defeat of the main pro-independence political party and the United States banned imports of telecommunications equipment from Chinese tech giants.

The Shanghai Composite fell 2.01% at 2:49 am CET and the Shenzhen Composite Index decreased by 1.73% at 3:04 am CET. The Hang Seng dropped 3.75% at 3:10 am CET.

The Nikkei 225 lost 0.76% at 3:10 am CET. The dollar was down 0.24% compared to the Japanese yen at the same time, trading for 138.7165. The Kospi declined 1.17% at 3:06 am CET. The S&P/ASX 200 was 0.46% lower concurrently.

Baha Breaking News (BBN) / MS