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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
Economy 2 MIN READ

China stocks end lower on dismal data amid COVID-19 outbreaks

March 31, 2022By Reuters
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SHANGHAI, March 31 (Reuters) – China stocks closed down on Thursday after data showing activity in the country’s factory and services sectors swung into the negative territory in March, raised worries over the impact of the fresh COVID-19 restrictions on the economy.

** The blue-chip CSI300 index fell 0.7% to 4,222.60, while the Shanghai Composite Index lost 0.4% to 3,252.20 points. ** Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country’s COVID-19 outbreak in 2020. ** The world’s second-largest economy is now at the risk of slowing sharply as authorities restrict production and mobility in many cities, including Shanghai and Shenzhen, to stamp out fresh COVID-19 outbreaks. ** “Markets so far have underestimated the severity of the situation in China because it is difficult to fully reconcile and understand,” said Nomura analysts in a note. “In the next couple of months, we expect global investors to better reflect these shocks in their valuations of various asset classes.” ** China will rollout policies to stabilise the economy as soon as possible, as the downward pressure in the economy increased, state media CCTV quoted a cabinet meeting as saying on Wednesday. ** The country will refrain from introducing measures not conducive to stabilise market expectations, the meeting also said. ** Semiconductors fell 2.5%, tourism firms

slumped 3.2%. ** Real estate developers gained 0.8% and banks added 1.3%. Market participants are expecting the central bank to cut rates and lower reserve requirements for banks. ** China reported 1,839 confirmed coronavirus cases and 6,720 new asymptomatic cases for March 30.

(Reporting by Shanghai Newsroom; Editing by Amy Caren Daniel) ((Jason.Xue@thomsonreuters.com))

This article originally appeared on reuters.com

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