Financial analysts say that growing public protests could be the catalyst for a Chinese plan to live with COVID but, for now, the focus is on the damage being inflicted on the economy
A trader is seen in the dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. Pic: APStock markets in Asia have seen sharp falls while a recent easing in oil prices gained new momentum on Monday in reaction to growing COVID lockdowns and public protests against them in China.
Brent crude futures were 3% down on the day at $81 a barrel as investors fretted over demand in the world's second-largest economy and the impact of growing lockdowns on economic growth.Equity markets across Asia generally were down, with 's CSI300 Index also about 2% off despite central bank action on Friday aimed at shoring up market liquidity.The negative sentiment spilled over to Europe at the open, with the commodities-heavy FTSE 100 falling back by 0.8%.
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