fxs_header_sponsor_anchor

News

Coronavirus Update: Shanghai reimposes strict measures as cases rise

The Financial Times (FT) is reporting on Thursday, half of Shanghai districts will be under lockdown this weekend to test millions of residents after signs emerged of renewed community transmission of coronavirus.

This comes after China’s financial hub reported 11 new infections on Thursday. The strict measures will affect eight of Shanghai’s 16 districts, including Pudong, one of the worst-hit areas at the start of the lockdown, the FT said.

Meanwhile, Beijing is also on high alert after a cluster of cases was detected in Chaoyang on Thursday.

Market reaction

The discouraging news from China seems to have little to no impact on risk sentiment so far, as the S&P 500 futures see a 0.20% gain while the AUD/USD pair is re-approaching 0.6300, at the time of writing.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.