China COVID lockdowns keep markets on edge

Beijing has continued its quarantine to end its month-old COVID outbreak, while in Shanghai, authorities plan to keep most restrictions in place this month, before a more complete lifting of the two-month-old lockdown from June 1.

Beijing has continued to report Covid-19 cases in its now monthlong outbreak, as the nearby port city of Tianjin locked down a district at the center of the city amid a simmering flareup, as Bloomberg reports. 

''The capital reported 47 new Covid cases for Tuesday, compared with 48 on Monday. Cases spiked to 99 on Sunday, the highest of the current outbreak.''

Global supply chain disruptions are a concern which have been exacerbated by not only the restrictive measures in China to control its latest COVID-19 outbreak, sending inflation to multi-decade highs, but Russia's war with Ukraine as well.