Epidemic in China
Burc Oran
April 25, 2022
China

The epidemic and measures in China continue to shake Asian stock markets.

The MSCI Asia Pacific index tumbled in six of seven trading days, with losses in Hong Kong and China leading the way.

Although the coronavirus epidemic has fallen off the agenda in most of the world, the epidemic in China continues to lead to increasing loss of life and more drastic measures.

China has recently started the mandatory Covid test in the capital Beijing. More than 20 million people will be tested three times a week. In addition, the record number of deaths over the weekend was announced in the financial center Shanghai. The news affects many markets, especially the oil market.

Brent oil fell 2.6 percent to $103.9 while WTI dropped 2.7 percent to below $100.

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