Bears prevail on China stock markets on fresh bug concerns


China stocks closed down on Monday, as COVID-19 uncertainties sparked worries of fresh outbreaks and lockdowns, while high-flying U.S. inflation raised concerns that the Federal Reserve will continue to tighten policy and cause a sharp slowdown.

The blue-chip CSI300 index fell 1.2% to 4,189.35, while the Shanghai Composite Index lost 0.9%...