Global stock markets tumble following anti-government protests in China

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- Crude oil prices fall by more than two percent

- Shares of Chinese telecom major ZTE plunged 4.2 percent amid US ban on its products.

Bangkok: European and Asian stock markets rallied on Monday after protests against China's strict zero Covid lockdown took place in many cities. A 4 percent decline was seen in the Hong Kong stock market. US futures were down two percent and oil prices were down two dollars per barrel.

After decades there have been protests against the ruling Communist Party in China. It is worth mentioning that the number of corona cases in China is less than that of America and other countries, yet people are upset about the lockdown in China.

Germany's stock market DEX was trading at 14,421.88 points down 0.8 percent till the last news. France's stock market CEC-40 was trading down 0.8 percent to 6656.18 points. Britain's FTSE-100 was trading down 0.6 percent to 7448.10.

Shares of Chinese telecom equipment maker ZTE plunged 4.2 percent amid US bans on its products.

Tokyo's Nikkei-225 index was trading down 0.4 percent at 28,162.83 at the latest news. Seoul's Kospi was trading down 1.2 percent at 2408.07. Brent Crude was trading at $81.11, down $2.60.

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