The Latest Breaking News from Shenzhen

Hong Kong (AFP) - Asian markets fell Tuesday, with Hong Kong tech firms leading another collapse in the city's Hang Seng Index following the Covid-19 shutdown of tech hub Shenzhen and worries over Russia's military outreach to China.

Shenzhen Component Index closed down 4.36%

London (AFP) - European equities rebounded Monday as investors seized on hopes of progress in peace talks between Russia and Ukraine, sending oil tanking alongside news of key crude consumer China's Covid lockdown on the tech hub of Shenzhen.

Hong Kong (AFP) - Asian markets mostly fell Monday as traders track developments in the Ukraine war and diplomatic efforts to bring the crisis to an end while Hong Kong took a pounding after China placed Shenzhen into lockdown, fuelling a rout in the tech sector.

Seventeen million people in the Chinese technology industry hub of Shenzhen began their first full day under lockdown on Monday, with restrictions also imposed in Shanghai and other major cities in an effort to halt a major threat to the nation's zero-tolerance Covid strategy.

China's government is responding to a spike in coronavirus infections by shutting down its southern business centre of Shenzhen and restricting access to Shanghai.

Shenzhen Component Index closed down 3.08%

Seventeen million people in the Chinese tech hub of Shenzhen began their first full day under lockdown Monday, as a key factory making iPhones closed and restrictions spread across Shanghai and other major cities in an effort to extinguish the biggest-ever threat to the nation's zero-tolerance Covid strategy. The southern…

Beijing (AFP) - All 17 million people in the Chinese tech hub of Shenzhen spent their first full day under lockdown Monday, as restrictions spread across Shanghai and other major cities to combat an outbreak challenging the nation's zero-tolerance Covid strategy.