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 current COVID situation in Shenzhen?

How is Foxconn responding to the lockdown in Shenzhen?

What concerns do investors have regarding the lockdown in Shenzhen?

How does the scale of Foxconn's operations in Shenzhen compare to its major production sites?

What is the reaction of investors in Taipei to the situation in Shenzhen?