Hang Seng Shanghai Composite Covid Oil
Hong Kong’s Hang Seng index slipped 1.37%, with heavyweights HSBC and CNOOC falling 3.93% and 5.58% respectively. Mainland China markets also declined. The Shanghai Composite shed 1.34%, and the Shenzhen Component lost 1.08%. “New rounds of Covid testing in Shanghai have increased fears of further lockdowns for China, which would have a ripple effect on other markets,” an ANZ Research note dated Wednesday said. Shanghai will be conducting mass testing in several districts after Covid cases were detected earlier this week, a statement on the city’s WeChat account said....