Residents behind barriers surrounding a residential neighborhood placed under lockdown due to Covid-19 in Shanghai on July 6, 2022. Shanghai launched mass testing for Covid in nine districts after detecting cases the past two days. Photo: Bloomberg
Hong Kong stocks weaken as mass Covid-19 testing reignites China lockdown fears while Alibaba gains on price upgrades
- Investors on edge as mass Covid-19 screening in nine out of Shanghai’s 16 districts begins following new infections
- Alibaba Group advances after Daiwa, JPMorgan and Nomura raised their price targets for its Hong Kong and US-listed shares
Residents behind barriers surrounding a residential neighborhood placed under lockdown due to Covid-19 in Shanghai on July 6, 2022. Shanghai launched mass testing for Covid in nine districts after detecting cases the past two days. Photo: Bloomberg
