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Asia share markets fret on China COVID-19 outbreaks, Fed outlook

From channelnewsasia.com

Asian share markets turned hesitant on Monday (Nov 21) as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, while bonds and the dollar braced for more updates on US monetary policy. Beijing's most populous district urged residents to stay at home on Monday as the city's COVID-19 case numbers rose, while at least one district in Guangzhou was locked down for five days. The rash of outbreaks across the country has been a setback to hopes for an early easing in strict pandemic restrictions, one reason cited for a 10 per cent slide in oil prices last week. It also dragged MSCI's ... (full story)

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  • Category: Fundamental Analysis