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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Covid-19 lockdown hits China shares, Apple sinks on factory shutdown, oil continue to fall

European markets have made a steady start to the week, despite events in Ukraine and a sharp sell-off for China-focused shares.

The Hang Seng index lost more than 4% in Hong Kong after officials in China’s tech-hub city of Shenzhen imposed a new week-long lockdown to combat the spread of Covid-19.

Oil prices, meanwhile, continue to fall back on hopes that Opec and other producers can ramp up supplies to offset the disruption caused by Russian sanctions.

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