What is the current COVID situation in Shenzhen?
China Tech Stocks Slide as Russia, Covid Concerns Deepen
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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.
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How is Foxconn responding to the lockdown in Shenzhen?
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3.
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3 mins • 1 pt
What concerns do investors have regarding the lockdown in Shenzhen?
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4.
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3 mins • 1 pt
How does the scale of Foxconn's operations in Shenzhen compare to its major production sites?
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5.
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3 mins • 1 pt
What is the reaction of investors in Taipei to the situation in Shenzhen?
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