Stocks down amid Covid scare

By Agence France-Presse

Dec 30, 2022 12:04 am

HONG KONG: Asia-Pacific stocks fell in early trade on Thursday as the Covid surge in China cast a shadow over markets across the region.

Investors had cheered the easing of China's strict zero-Covid controls — which had hammered the world's second-largest economy — but are now worried about the impact of the outbreak on global supply chains and inflation.

COVID EFFECT A passenger wearing protective gear is seen at a train station in Beijing on Wednesday, Dec. 28, 2022. Asia-Pacific stocks fell in early trade on Thursday as the Covid surge in China cast a shadow over markets across the region. AFP PHOTO

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