Macau authorities said all public sectors will shut down for two days starting Monday, while schools will close for at least three days, as the the number of local Covid-19 cases increased further rose to 21 on Sunday.
Shanghai’s economy contracted in May for the second straight month, though at a slower pace, as the coronavirus outbreaks and the city-wide lockdown continued to weigh on business activities in the country’s financial and commercial hub.
Shares of online education companies slide in Hong Kong after a strong rally in the past few days. Koolearn Technology, the live-streaming e-commerce arm of New Oriental Education, is sliding more than 13% after surging 660% this month as of Thursday as its live-streaming videos went viral in mainland China.
