The entrance of a residential area is closed off during a lockdown in Shanghai on May 5. Lockdowns in major Chinese cities are just one of several factors weighing on sentiment towards the Chinese economy and equities. Photo: Reuters
Opinion
Opinion
Macroscope
Why it’s not all doom and gloom for China’s battered markets
- While the mounting costs of China’s zero-Covid policy have become an important driver of global markets, there is more to this story
- The Federal Reserve’s hawkish turn is an equally important factor in the global sell-off, and Chinese stocks are early in pricing in bad news
The entrance of a residential area is closed off during a lockdown in Shanghai on May 5. Lockdowns in major Chinese cities are just one of several factors weighing on sentiment towards the Chinese economy and equities. Photo: Reuters
