China Stocks Dive Over Covid Controls

What’s new: Chinese stocks tumbled on Monday after a brief record recovery, as lockdown measures in several major cities weighed on growth sentiment.

The benchmark Shanghai Composite Index (000001.SH) lost 2.61% at the market close, while the Shenzhen Component Index (399001.SZ) shed 3.67%. The benchmark CSI 300 Index of Shanghai- and Shenzhen-listed shares fell 3.09%.