China shares, yuan fall after top leaders double down on 'zero-Covid' policy

SHANGHAI: China stocks fell on Friday, tracking a slump in global equity markets on inflation fears, after the country's top leaders said they would stick with the dynamic "zero-COVID" policy, stoking worries of a further economic downturn.

The CSI300 index fell 2.6% to 3,906.44 points at the end of the morning session, while the Shanghai Composite Index declined 2.3% to 2,996.98 points.

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