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China unrest weighs on global risk sentiment
Equities across the Far East have tumbled overnight in response to growing unrest over Covid restrictions in China. Concerns that rising case numbers and ongoing protests could lead to further supply chain disruption and dampen consumption are weighing on sentiment with oil prices also moving lower overnight along with a number of base metals. Meanwhile, Australian retail sales fell 0.2% in October against market expectations for a 0.5% monthly rise. Over the past week, hopes of an early easing in the pace of monetary policy tightening have continued to build. That has helped fuel a further slide in bond yields with ... (full story)