Asian stocks plunged on Monday amidst a flare-up in protests against China's strict Covid curbs. The surging Covid caseload and the widespread protests in China dampened investor sentiment in most of the Asian markets. Sentiment also impacted commodity, bond and currency markets as well as global stock indexes.
China's Shanghai Composite Index dropped 23.14 points or 0.8 percent to finish at 3,078.55. The day's trading ranged between 3,034.70 and 3,080.18. The Shenzhen Component Index shed 75.19 points or 0.7 percent to close at 10,829.08.
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