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Growing China unrest over strict Covid curbs spooks investors in Asia

Investors are readying for a dip as markets open in Asia to news of growing unrest in China over Covid restrictions

Photo: Bloomberg
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Photo: Bloomberg

Georgina Mckay and Charlotte Yang | Bloomberg
Investors are readying for a dip as markets open in Asia on Monday to news of growing unrest in China over Covid restrictions.
 
Protests spread across the country Sunday as citizens took to the streets and university campuses, venting their anger and frustrations on local officials and the Communist Party. There was heavy police presence in some areas where huge crowds gathered in Shanghai, and demonstrations were also reported in the capital Beijing.

The yuan fell, the Australian dollar led commodity currencies lower and the greenback strengthened against most major peers as the unrest cast a shadow over risk sentiment.

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First Published: Nov 28 2022 | 7:02 AM IST

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