China's fresh COVID wave raises concern of trading volume slowdown

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A fresh wave of COVID-19 is spreading through China as people return from public holiday travel, reaching trading floors and raising concern of an impact to trading volume - albeit likely not as pronounced as previous pandemic-induced disruption.

More than half a dozen traders and banking sources told Reuters this week that they or colleagues had contracted the coronavirus recently, or had heard of peers testing positive.COVID-19 swept through trading floors in capital Beijing and the financial hub of Shanghai in

"Impact from COVID shocks should become smaller and smaller. From reopening experiences in other parts of the world, such a trend is similar," said Tommy Xie, head of Greater China research at OCBC Bank. "However, chances of regional large-scale outbreaks are not high, and there will be no obvious impact on medical treatment and social operations in the short term," Liu said.

 

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