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Asia-Pacific markets slide ahead of China factory activity data

China says it is “closely monitoring” virus developments when asked about a policy change

Chinese health officials said officials are “closely watching” Covid developments when asked if protests in the region would prompt shifts in their zero-Covid policy.

“China has been tracking and closely monitoring the virus as it evolves and mutates,” officials said, according to a translation of Tuesday’s briefing.

– Christine Wang, Evelyn Cheng

China announces measures to encourage vaccination of the elderly

According to a notice on the National Health Commission’s website, China’s health authorities have released a plan to promote vaccination among the elderly.

Shares listed in Hong Kong CanSino Biologics extended gains into the afternoon session, surging as much as 18% shortly after the announcement was made.

The notice said authorities should use multiple data points to accurately identify target populations for vaccinating older people.

Nasdaq and S&P 500 are down for the third day

That Dow Jones industry average closed 3.07 points, or 0.01%, higher after trading in the red for most of the day. The index ended the day at 33,852.53.

Meanwhile the Nasdaq Composite closed down 0.59% to close at 10,983.78. The S&P 500 slipped 0.16% to close at 3,957.63.

– Alex Harring

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