China’s stocks, yuan tumble as COVID protests rattle nerves

SHANGHAI – Chinese stocks on Monday saw the worst day in a month, as recent monetary-easing measures failed to offset investor worries about protests against strict COVID-19 curbs in the world’s second-largest economy, while the yuan weakened versus the dollar.

A U.S. crackdown on Chinese tech giants citing national security concerns also weighed on shares of technology firms.

Nevertheless, the social unrest and rising coronavirus cases had fueled expectations of an earlier end to China’s zero-COVID policy, putting a floor under stocks and boosting tourism and consumer shares.

China’s blue-chip CSI 300 Index closed down 1.1 percent, after slumping as much as 2.7 percent earlier …

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