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BANGKOK (AP) — Hong Kong’s stock index fell 5.4% on Monday after the Chinese government ordered a lockdown to curb a coronavirus outbreak in neighboring Shenzhen.
The lockdown of the manufacturing and technology hub, which has a population of 17.5 million, came amid the biggest COVID-19 outbreak in mainland China in a two-year pandemic.
Chinese stocks have also come under selling pressure from the threat of major Chinese companies being delisted from US stocks.
Trends were mixed in other Asian markets, while the price of crude fell about $4 a barrel. Rising coronavirus infections in China have added to concerns about the supply chain and the war in Ukraine.