China Tech Stocks Slide as Russia, Covid Concerns Deepen

Shenzhen is experiencing its worst COVID outbreak since the pandemic began, challenging China's COVID-zero strategy. The Hang Seng Tech Index has dropped by 9%, indicating significant economic impact. Foxconn has halted operations in Shenzhen, affecting the Apple supply chain. Despite concerns, investors in Taipei remain relatively calm, with no major panic observed.

What is the main challenge faced by Beijing's COVID-0 strategy?

• Rising infections across the country

• Public protests

• Lack of vaccines

• Economic downturn

What significant event occurred in the Hang Seng Tech index?

• It was suspended

• It rose by 9%

• It fell by 9%

• It remained stable

How has the lockdown in Shenzhen affected Foxconn's operations?

• No impact

• Expansion of facilities

• Halting operations at its campuses

• Increased production

What is the scale of Foxconn's iPhone site in Shenzhen compared to its major site?

• Larger

• Equal

• Non-existent

• Smaller

What is the investor sentiment in Taipei regarding the current situation?

• Moderate concern

• No panic

• High panic

• Complete confidence