The yuan fell first and now copper has given up its earlier gains on the session. Oil prices have also sold off from earlier highs. Will indices follow next? The losses come for some of these markets as concerns intensify over China. So far, we have seen community lockdowns as Covid cases hit record highs. The situation is escalating, and people don’t want to be caught offside with the weekend fast approaching. At the pace things are escalating in China, I would expect to see tighter restrictions. Clearly, this could hurt economic activity and that’s why we are seeing some markets react they way they have. The yuan’s ... (full story)