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Chinese equities pummeled by headwinds: PBs explain the stock market rout

Spooked by the current lockdown in Chinese tech hub Shenzhen, Chinese stocks listed in Hong Kong started the week with a crash, entering a new low point since the 2008 Global Financial Crisis. Private banks believe the fifth wave of the COVID-19 pandemic will haunt China’s growth outlook for this year. On Wednesday, the Hang Seng Index staged a record…

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