China markets rebound but analysts flag downside risks to growth

CHINA markets have rebounded on Wednesday (Mar 16) after registering heavy losses in early trade over initial lockdown fears.

Xinhua news agency reported that China will keep the stock market stable and support overseas share listing, citing a meeting chaired by Vice-Premier Liu He. The report follows a series of articles by state media in recent days seeking to talk up sentiment after a historic rout erased US$1.5 trillion in value over the past 2 sessions.

Investors were initially on edge over the largest Covid-19 outbreak the country has seen since more than 2 years ago when the pandemic first began.