Greater Chinese markets lead losses with Shenzhen stocks falling 5%; oil slides 3%KEY POINTS Shares in Asia-Pacific fell sharply on Monday following a sell-off on Wall Street on Friday. Australia and New Zealand markets are closed for a holiday. Chinese telecommunications company ZTE and South Korea’s Hyundai Motor will report earnings on Monday.SINGAPORE — Mainland Chinese indexes led losses as Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. The Shenzhen component tumbled around 5% while the Shanghai composite declined 4.26%. “It’s no surprise and it makes all sorts of logical sense that the market should be concerned about the Covid situation because that clearly is impacting economic activity. It’s impacting earnings potential for many parts
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