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China Stocks See Fresh Bout of Selling on Covid, Regulation Woes

  • Rise in factory prices, surging U.S. yields add to concerns
  • China’s CSI 300, Hang Seng Index end about 3% lower on Monday
Volunteers transport food supplies delivered by the government in Shanghai, on April 9.

Volunteers transport food supplies delivered by the government in Shanghai, on April 9.

Photographer: Qilai Shen/Bloomberg
Updated on

Chinese stocks tumbled on Monday as mounting concern over a Covid outbreak at home and rising global interest rates added to persistent regulatory headwinds.

The tech sector was once again at the forefront of losses, with the Hang Seng Tech Index closing 5.2% lower in Hong Kong. The broader Hang Seng Index as well as China’s benchmark CSI 300 Index each slumped about 3%.