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GLOBAL MARKETS-Global stocks, oil prices slip as rising COVID-19 cases prompt Chinese lockdowns

November 22, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world's second-largest economy to reinstate lockdowns. Beijing's most populous district urged residents to stay at home on Monday as the city's COVID case numbers rose, while at least one district in Guangzhou was locked down for five days. "It looked like zero COVID was moving in the right direction and everyone was excited but the Chinese government is taking some strong action and in the short term there's going to be fits and starts," said Thomas...
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