Chinese Stocks Drop as Covid Protests Intensify, Cases Surge
Shares in mainland China and Hong Kong slid on Monday, after protests against the country’s zero-tolerance approach to Covid-19 gathered steam. Hong Kong’s benchmark Hang Seng Index, which is dominated by Chinese stocks, was down more than 4% after the market opened. Widespread demonstrations, which are rare in mainland China, were held in several large cities including Beijing, Shanghai and Wuhan during the weekend.