Share:

Guangzhou has reported 6,296 new local Covid-19 cases as of 0:00 November 16. 

Meanwhile, residents under Covid lockdown in China’s southern manufacturing hub have torn down barriers meant to confine them to their homes.

The protests in defiance of strictly enforced local orders took place late Monday evening on district streets as yet another sign of the mounting public anger and desperation over the government’s stringent zero-Covid policies.

The scenes in Guangzhou come as Beijing’s unrelenting drive to stamp out the spread of the virus faces questions of sustainability, amid fast-spreading new variants.

However, China is experiencing a surge in infections nationwide. On Tuesday, China’s National Health Commission reported more than 17,772 new Covid cases across the country, its highest total since April 2021, with Guangzhou, a city of 19 million, accounting for more than a quarter of those.

Nevertheless, markets were bid on the news last week of a reduction in quarantine time for travelers and close contacts to five days from seven. A penalty on airlines for bringing Covid cases into China was also removed. The measures came even as Covid infections surged.

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD consolidates losses above 1.0800

EUR/USD consolidates losses above 1.0800

EUR/USD bottomed on Monday at 1.0803, the lowest level in almost three weeks.  The pair is consolidating recent losses, hovering around 1.0820 amid a stronger US Dollar supported by higher US yields. Market participants await key US labor market data.

EUR/USD News

AUD/USD extends slide to 0.6600 ahead of the RBA Premium

AUD/USD extends slide to 0.6600 ahead of the RBA

The sharp reversal of the AUD/USD pair continued during the American session and it dropped toward 0.6600. The pair remains under pressure ahead of the Reserve Bank of Australia meeting.

AUD/USD News

Gold to remain volatile, with risks of extending pullbacks Premium

Gold to remain volatile, with risks of extending pullbacks

Gold price staged a deep correction from the record top it set near $2,150 and declined below $2,050. Recovering US Treasury bond yields and risk aversion help the USD find demand and make it difficult for XAU/USD to shake off the selling pressure.

Gold News

Ethereum Price Prediction: ETH attempts to flip $2,300 into support

Ethereum Price Prediction: ETH attempts to flip $2,300 into support

Ethereum (ETH) price has been consolidating within an ascending parallel channel since the broader market turned bullish around October 18, pushing north with key drivers including speculation of spot Ether exchange-traded funds (ETFs) launching in the market.

Read more

S&P 500 Forecast: Index falls on Monday as Treasury yields rise after five weeks of gains

S&P 500 Forecast: Index falls on Monday as Treasury yields rise after five weeks of gains

The S&P 500 index opened lower on Monday following five straight weeks of gains. The index sits just shy of the yearly high at 4,607, and while gains have become lighter in the last two weeks, it still seems possible that the S&P 500 will mark a new annual high before the year is out.

Read more

Forex MAJORS

Cryptocurrencies

Signatures