Protests against China’s Covid curbs may cast a shadow on the nation’s assets and broader risk sentiment in global markets as trading resumes after the weekend. Before it becomes clear how Beijing will respond to the latest surge in discontent, the threat of rising social instability and a government crackdown will likely prompt investors to shift toward haven assets from the dollar to the yen and Treasuries. Demand for stocks to commodities and currencies tied to trade with China, including the Australian dollar and Korean won, may weaken. The dramatic turn of events adds fresh uncertainties to the outlook of the ... (full story)