China lockdown amps up inflation scare for global markets

People line up outside a makeshift nucleic acid testing site during a mass testing for the coronavirus disease (Covid-19) in Haidian district of Beijing, China April 26, 2022. - Reuters

JAKARTA, Apr 26 (Bloomberg): The inflation scare that’s dominated much of the investment backdrop this year keeps finding new ways to send shockwaves through markets.

On Monday, investors awoke to the idea of China locking down Beijing -- a city of more than 20 million people -- adding to worries about supply stresses that are keeping the heat on prices. European stocks fell the most since April 6, and U.S. futures are pointing to a grim open.