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    Home » COVID outbreak escalating in Guangzhou, China, as more lockdowns loom
    Health

    COVID outbreak escalating in Guangzhou, China, as more lockdowns loom

    November 8, 2022
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    Guangzhou saw its most severe flare-up ever as COVID-19 cases escalated, official data show, as the global manufacturing hub tested its ability to avoid a Shanghai-style citywide lockdown. On Nov. 7, 7,475 locally transmitted infections were reported nationwide, the highest number since May 1, according to China’s health authority.

    COVID outbreak escalating in Guangzhou, China, as more lockdowns loomCompared to global standards, the increase is modest, but significant for China, where outbreaks are quickly contained. A number of economically vital cities, including Beijing, are demanding more PCR tests and locking down neighborhoods and even districts. Despite the sharp rebound, China’s COVID measures will be put to the test, challenging investor expectations that it will reopen its borders or even back off its zero-tolerance policy.

    A rising COVID case load eroded optimism about China reopening its borders, which have been closed to most visitors since 2020. On November 7, Guangzhou reported 2,377 newly reported local cases, up from 1,971 the previous day. As the sprawling southern city battles its most serious outbreak, it jumps from double-digit increases two weeks ago.

    Various levels of curbs and lockdowns are in place in many districts, including central Haizhu. Unlike Shanghai, Guangzhou has not implemented a blanket lockdown. Despite not experiencing a COVID resurgence, Shanghai was put on lockdown in April and May after reporting several thousand COVID infections daily in March.

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    Apple market cap reaches 4.94 trillion to top Nvidia

    July 29, 2026

    The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as a operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs. Trading patterns across major equity benchmarks highlighted diverging sentiment between hardware component suppliers and consumer technology platforms. Nvidia shares experienced increased selling pressure alongside wider pullbacks across semiconductor equities, as investors scrutinized the timeline for financial returns on massive artificial intelligence data center investments. The Philadelphia Semiconductor Index recorded notable weekly declines as market participants reassessed elevated valuation multiples across pure-play chipmakers. Despite persistent demand for graphics processing units, concerns surrounding energy supply constraints, macroeconomic interest rate trajectories, and capital expenditure intensity weighed on semiconductor equity prices.

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