Tag Archives: ASXPAC

Shanghai lockdown deepens after new surge in asymptomatic COVID cases

SHANGHAI, April 5 (Reuters) – The major Chinese financial centre of Shanghai extended restrictions on transportation on Tuesday after a day of intensive city-wide testing saw new COVID-19 cases surge to more than 13,000, with no end to the lockdown in sight.

After originally taking a more piecemeal approach aimed at minimising economic disruptions, Shanghai imposed broader restrictions last week as authorities struggled to contain what has become the city’s biggest COVID-19 outbreak.

The lockdown now covers more than 25 million people after restrictions in the city’s western districts were extended until further notice in what has become a testing ground for the government’s zero-tolerance “dynamic clearance” approach and its ability to contain the highly infectious Omicron variant.

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“Currently, Shanghai’s epidemic prevention and control is at the most difficult and most critical stage,” said Wu Qianyu, an official with the municipal health commission, at a Tuesday briefing. “We must adhere to the general policy of dynamic clearance without hesitation, without wavering.”

Shanghai reported a record 13,086 new asymptomatic coronavirus cases on April 4, the city government said on its official WeChat channel, up from 8,581 the previous day, after a city-wide surveillance testing programme that saw more than 25 million people swabbed in 24 hours.

The local government said it had collected 25.67 million samples in 2.4 million test tubes on Monday, and almost 80% of the total had been tested by 8:00 on Tuesday morning. Any positive results are followed up at the individual level.

Symptomatic cases fell on Monday to 268, from 425 a day earlier. The proportion of official symptomatic infections remains far lower than the rest of the world, which experts have attributed to the city’s proactive screening process.

At least 38,000 personnel have been deployed to Shanghai from other regions in what state media has described as the biggest nationwide medical operation since the shutdown of Wuhan in early 2020 after the first known coronavirus outbreak.

Authorities said late on Monday that further restrictions would be placed on the city transportation networks from Tuesday, with more subway lines suspended.

DRACONIAN MEASURES

Thousands of Shanghai residents have been locked up in rudimentary “central quarantine” facilities after testing positive, whether they are symptomatic or not.

Jane Polubotko, a Ukrainian marketing manager now held in the city’s biggest quarantine centre, told Reuters that it was still unclear when and how they would be released.

“Nobody knows how many tests we need to get out,” she said.

As members of the public continued to express concerns about Shanghai’s draconian measures, sharing videos across social media, Sun Chunlan, China’s vice-premier in charge of COVID prevention, urged grassroots Party organisations to “do everything possible” to help residents solve their problems, such as access to medicine, food and water.

Analysts outside China have been warning about the economic costs of the country’s unyielding campaign to curb infections.

“What is most striking in Shanghai is the difficulty that the authorities are having in managing logistics, particularly conditions in centralised quarantine facilities,” said Michael Hirson, China analyst with the Eurasia Group consultancy.

“Given that Shanghai has a highly capable government, current problems pose a warning for local governments across China where capacity is not as high and major outbreaks could stretch resources further to the limits,” he added.

Nationwide, China reported 1,235 confirmed coronavirus cases for April 4, down from 1,405 a day earlier, including 1,173 local transmissions. The number of new asymptomatic cases stood at 15,355, compared with 11,862 a day earlier.

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Reporting by David Stanway and Brenda Goh; Editing by Stephen Coates and Richard Pullin

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N.Korea says it will strike with nuclear weapons if South attacks -KCNA

SEOUL, April 5 (Reuters) – North Korea opposes war but would use nuclear weapons if South Korea attacked, Kim Yo Jong, the powerful sister of leader Kim Jong Un, said on Tuesday, in a warning that analysts said is probably aimed at the South’s incoming conservative president.

Kim Yo Jong, a senior official in the government and ruling party, said it was a “very big mistake” for South Korea’s minister of defence to make recent remarks discussing attacks on the North, state news agency KCNA reported.

South Korean Defence Minister Suh Wook had said on Friday that his country’s military has a variety of missiles with significantly improved range, accuracy and power, with “the ability to accurately and quickly hit any target in North Korea.”

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Both Koreas have increased displays of military strength after North Korea test-fired a range of increasingly powerful missiles this year. Officials in Seoul and Washington also fear it may be preparing to resume testing nuclear weapons for the first time since 2017 amid stalled negotiations. read more

Kim and another North Korean official issued earlier statements on Sunday condemning Suh’s remarks, and warned that Pyongyang would destroy major targets in Seoul if the South takes any “dangerous military action” such as a preemptive strike. read more

Kim’s criticisms are most likely aimed at South Korean President-elect Yoon Suk-yeol, who has called for a more muscular defence against North Korean threats, said Rachel Minyoung Lee, an analyst with the U.S.-based 38 North project, which monitors North Korea. read more

“Yoon’s ‘preemptive strike’ comment made the headlines a few months ago, and Pyongyang is seizing Suh’s remarks to make a point to the incoming South Korean administration,” she said. “North Korea has thus far refrained from criticizing Yoon at any authoritative level, but it certainly seems to be laying the groundwork for it.”

The statements suggest Pyongyang is preparing the North Korean public for a possible shift in inter-Korean relations once Yoon takes office in May, Lee added.

A delegation from Yoon’s team was in Washington this week to meet with U.S. officials, who reiterated their commitment to defending South Korea, according to a statement by the U.S. State Department on Tuesday. read more

In her statement on Tuesday, Kim said Pyongyang opposes war, which would leave the peninsula in ruins, and does not view South Korea as its principal enemy.

“But if south Korea, for any reason – whether or not it is blinded by misjudgement – opts for such military action as ‘preemptive strike’ touted by (Suh Wook), the situation will change,” Kim added. “In that case, south Korea itself will become a target.”

If the South Korean military violates North Korea territory, it will face an “unimaginably terrible disaster” and the North’s nuclear combat force will have to inevitably carry out its duty, she said, noting that the South can avoid this fate by dropping any “fantastic daydream” of launching a preemptive attack on a nuclear-armed state.

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Reporting by Josh Smith
Editing by Chris Reese, Sandra Maler and Gerry Doyle

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Exxon signals record quarterly profit from oil and gas prices

Signage is seen on a gasoline pump at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly

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HOUSTON, April 4 (Reuters) – Exxon Mobil Corp (XOM.N) on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion.

A snapshot of the largest U.S. oil company’s quarter ended March 31 showed operating profits from oil and gas, its biggest unit, could jump by as much as $2.7 billion over the prior quarter’s $6.6 billion.

Exxon does not hedge, or lock in oil sales, and results generally match changes in energy prices. Russia’s invasion of Ukraine pushed up oil by 45% last quarter over the final period of 2021, to an average of $114 per barrel, the highest in seven years. read more

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The estimates suggest total earnings for the quarter of about $9.8 billion at the mid-point of Exxon’s estimates, according to Scotiabank global equity research.

Exxon shares, which have jumped 36% year to date, rose slightly on Monday to $83.16. Official results are expected to be released on April 29, according to a securities filing.

The outlook implies adjusted earnings around $2.29 per share, Scotiabank analyst Paul Cheng said in a note. The total would guarantee Exxon its highest quarterly profit since at least 2014.

The blockbuster oil and gas profits offer a preview of what lies ahead for other firms’ oil earnings. Such results could strengthen calls by U.S. and European Union lawmakers for windfall profit taxes on energy companies.

RUSSIA WRITEDOWN?

Final results could be dampened by impairments to Exxon’s Russian operations. The company last month said it would phase out of Russia following the invasion of Ukraine. The oil company has $4 billion in assets at risk to potential seizure and faces a 1% to 2% hit to production and revenue from the move. read more

“Depending on the terms of its exit from Sakhalin, the company may be required to impair its investment in the project up to the full book value,” it said in a filing.

High oil and gas prices accelerated after Russia’s invasion and sanctions were imposed on its oil, coal and LNG. Global oil prices hit a 14-year high in the first quarter and have since cooled as the U.S. announced a release of emergency stocks and China began a lockdown.

Operating profits in refining could be up to $300 million higher than the $1.5 billion earned in its fourth quarter, while its chemicals business could decrease by as much as $300 million compared with the previous quarter’s $1.3 billion profit.

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Reporting by Sabrina Valle; Editing by Chizu Nomiyama and Richard Pullin

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Tech, megacap growth shares boost Wall St; Twitter surges

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2022. REUTERS/Brendan McDermid

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  • Twitter soars after Elon Musk reveals 9.2% stake
  • Starbucks falls amid plan to halt stock buybacks
  • Defensive sectors weak, utilities biggest decliner
  • Indexes up: Dow 0.3%, S&P 0.81%, Nasdaq 1.9%

April 4 (Reuters) – Wall Street’s main indexes rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine.

Gains were relatively concentrated as the financial sector (.SPSY) fell, as did defensive groups such as utilities (.SPLRCU) and healthcare (.SPXHC).

Shares of Twitter surged 27.1% after Tesla Inc (TSLA.O) Chief Executive Musk revealed a 9.2% stake in the micro-blogging site, making him its largest shareholder. Shares of other social media companies also rose. read more

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Tesla shares rose 5.6% after the company on Saturday reported record electric vehicle deliveries for the first quarter. read more

“A lot of the news we are seeing today is generally positive for technology,” said Mona Mahajan, senior investment strategist at Edward Jones.

The Dow Jones Industrial Average (.DJI) rose 103.61 points, or 0.3%, to 34,921.88, the S&P 500 (.SPX) gained 36.78 points, or 0.81%, at 4,582.64 and the Nasdaq Composite (.IXIC) added 271.05 points, or 1.9%, at 14,532.55.

Along with Tesla, gains in Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) gave boosts to the S&P 500.

However, seven of the 11 S&P 500 sectors were weaker, with utilities and healthcare both falling about 0.8%.

The S&P 500 growth index (.IGX) gained 1.7% while the S&P 500 value index (.IVX) dipped 0.1%.

In the bond market, the benchmark U.S. 10-year Treasury yield ticked up on Monday and the 2-year/10-year yield curve remained inverted. The curve inversion is seen as a harbinger of a recession in the next two years or so.

“All this talk about an inverted yield curve and what that may be predicting in terms of possible economic slowdown, that puts a premium on growth stocks again,” said Chuck Carlson, CEO of Horizon Investment Services in Hammond, Indiana.

Stocks have rebounded in recent weeks after a rocky start to the year amid concerns about the Federal Reserve tightening monetary policy to fight inflation and the war in Ukraine. The S&P 500 is down about 4% so far in 2022, after being down as much as 12.5%.

Investors remained concerned about the Ukraine crisis, which has led to a spike in commodity prices that has worsened the outlook for already high inflation.

Global outrage spread on Monday at civilian killings in northern Ukraine, where a mass grave and tied bodies shot at close range were found in a town taken back from Russian troops. The deaths are likely to galvanize the United States and Europe into additional sanctions against Moscow. read more

In company news, Starbucks Corp (SBUX.O) shares fell 3.7% after former CEO Howard Schultz announced the suspension of the company’s stock repurchasing program. read more

U.S.-listed shares of Chinese companies such as Alibaba jumped after China proposed revising confidentiality rules involving offshore listings. read more

Advancing issues outnumbered decliners on the NYSE by a 1.32-to-1 ratio; on Nasdaq, a 1.74-to-1 ratio favored advancers.

The S&P 500 posted 12 new 52-week highs and three new lows; the Nasdaq Composite recorded 51 new highs and 59 new lows.

About 11 billion shares changed hands in U.S. exchanges, compared with the 13.5 billion daily average over the last 20 sessions.

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Reporting by Lewis Krauskopf in New York, Bansari Mayur Kamdar and Praveen Paramasivam in Bengaluru; Editing by Shounak Dasgupta and Richard Chang

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Stocks, dollar rise; European leaders urge further Moscow sanctions

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2022. REUTERS/Brendan McDermid

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  • U.S. stocks mostly higher in early trade
  • Oil prices gain
  • U.S. dollar strengthens

NEW YORK, April 4 (Reuters) – Stocks on global indexes rose on Monday, with the Nasdaq leading gains on Wall Street, while the U.S. dollar strengthened as European leaders urged further sanctions against Moscow following war crime allegations in Ukraine.

Investors were closely watching the yield curve between U.S. two-year and 10-year notes, which inverted last week in a signal for some market watchers that a recession may follow in one to two years.

More sanctions against Russia would ratchet up the already huge economic pressure on Russia over its invasion of Ukraine.

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Russia maintained gas flows through key pipeline routes into Europe, despite uncertainty over payment terms. read more

The dollar gained, rising for three straight sessions, as the prospect of increased sanctions pushed investors to seek safety in the greenback. read more

“The dollar is bouncing higher as geopolitical developments have darkened clouds over the global economy,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. The Kremlin denied accusations related to the murder of civilians in Ukraine.

The U.S. currency also continued to benefit from a strong non-farm payrolls report for March that backed expectations for a half of a percentage point rate hike by the Federal Reserve at next month’s meeting.

The dollar index rose 0.245%.

The euro , which has been under pressure due to worries about the economic damage from the war in Ukraine, fell 0.6% versus the dollar to $1.0988. Against sterling, the euro fell to a six-day low and it was last down 0.6% at 83.73 pence.

On Wall Street, news that Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc (TWTR.N) took the spotlight and sent Twitter shares surging. read more

The Dow Jones Industrial Average (.DJI) fell 3.76 points, or 0.01%, to 34,814.51, the S&P 500 (.SPX) gained 21.62 points, or 0.48%, to 4,567.48 and the Nasdaq Composite (.IXIC) added 213.94 points, or 1.5%, to 14,475.44.

The pan-European STOXX 600 index (.STOXX) rose 0.93% and MSCI’s gauge of stocks across the globe (.MIWD00000PUS) gained 0.65%.

In the U.S. Treasury market, two-year yields were at 2.44%, while benchmark 10-year yields were at 2.41%.

The recent jump in U.S. bond yields has backed the U.S. dollar, particularly against the yen, given the Bank of Japan acted repeatedly last week to keep its bond yields near zero.

On the U.S. economic front, the Commerce Department said factory orders fell 0.5% in February. Data for January was revised slightly higher to show orders rising 1.5% instead of 1.4% as previously reported. Economists polled by Reuters had forecast factory orders would decline 0.5%. read more

Oil jumped over 3% as the release of strategic reserves by consuming nations failed to eliminate supply fears arising from Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. read more

U.S. crude recently rose 3.52% to $102.76 per barrel and Brent was at $107.58, up 3.06% on the day.

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Additional reporting by Gertrude Chavez-Dreyfuss in New York, Julien Ponthus in London; Editing by Richard Chang and Andrea Ricci

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U.S. pushes to suspend Russia from U.N. human rights body

An overview of the special session on the situation in Ukraine of the Human Rights Council at the United Nations in Geneva, Switzerland, March 4, 2022. REUTERS/Denis Balibouse/File Photo

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BUCHAREST, April 4 (Reuters) – The United States will ask the U.N. General Assembly to suspend Russia from the Human Rights Council, the U.S. ambassador to the United Nations said on Monday, after Ukraine accused Russian troops of killing dozens of civilians in the town of Bucha.

A two-thirds majority vote by the 193-member assembly in New York can suspend a state for persistently committing gross and systematic violations of human rights.

“Russia’s participation on the Human Rights Council is a farce,” U.S. Ambassador Linda Thomas-Greenfield said on a visit to Romania.

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“And it is wrong, which is why we believe it is time the UN General Assembly vote to remove them.”

Thomas-Greenfield said she wants to have the vote this week.

Since Russia’s invasion of Ukraine began on Feb. 24, the Assembly has adopted two resolutions denouncing Russia with 140 votes in favour. Moscow says it is carrying out a “special operation” to demilitarise Ukraine.

“My message to those 140 countries who have courageously stood together is: the images out of Bucha and devastation across Ukraine require us to now match our words with action,” Thomas-Greenfield told reporters on a visit to Romania.

Russia’s ambassador to the U.N. in Geneva Gennady Gatilov said that such an initiative would be unlikely to enjoy majority support.

“Washington exploits the Ukraine crisis for its own benefit in an attempt either to exclude or suspend Russia from international organisations, including the Human Rights Council here in Geneva,” Gatilov said.

Russia is in its second year of a three-year term on the 47-member council, which cannot make legally binding decisions but its decisions send important political messages and it can authorise investigations.

Last month it opened an investigation into allegations of rights violations, including possible war crimes, in Ukraine since Russia’s invasion. Thirty-two members voted in favour of the resolution, brought by Ukraine. Russia and Eritrea voted against while 13, including China, abstained.

Bucha’s deputy mayor said around 50 bodies found after Russian forces withdrew were the victims of extra-judicial killings by Russian troops. read more

Reuters was not able to independently verify who was responsible for killing those Bucha residents.

Ukrainian authorities said they were investigating possible war crimes there. The Kremlin denied accusations related to the murder of civilians in the town.

The United States has said war crimes have been committed in Ukraine and U.S. experts were gathering evidence to prove it.

The General Assembly has previously suspended a country from the council. In March 2011, it unanimously suspended Libya because of violence against protesters by forces loyal to then leader Muammar Gaddafi.

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Reporting by Michelle Nichols, additional reporting by Emma Farge in Geneva; editing by John Stonestreet and Grant McCool

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JPMorgan’s Dimon warns of possible $1 billion Russia loss

JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS

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  • Dimon concerned about secondary impact of Ukraine conflict
  • Dimon calls for increased U.S. military presence in Europe
  • Dimon urges revamp of U.S. supply chain
  • Fed rate hikes could be higher than market expects -Dimon

NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of the bank’s potential losses from the conflict in Ukraine for the first time.

In his keenly watched annual letter to shareholders, the chairman and chief executive of the biggest U.S. bank by assets also urged the United States to increase its military presence in Europe and reiterated a call for it to develop a plan to ensure energy security for itself and its allies.

Dimon did not provide a time frame for JPMorgan’s potential Russia losses but said the bank was concerned about the secondary impact of Russia’s invasion of Ukraine on companies and countries. Russia calls its actions a “special operation.”

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Global banks have detailed their exposure to Russia in recent weeks but Dimon is the most high-profile world business leader yet to comment on the broader impact of the conflict.

“America must be ready for the possibility of an extended war in Ukraine with unpredictable outcomes. We should prepare for the worst and hope for the best,” he wrote. (For five key takeaways from Dimon’s letter, click on read more )

Dimon may continue as chairman when he eventually relinquishes his role as chief executive, the bank said Monday.

The disclosure, in a report to shareholders ahead of JPMorgan’s annual meeting in May, said the bank had found that most major shareholders want Dimon to remain chairman.

The board also said that it was inclined as a “general policy” to separate the jobs of chairman and chief executive after Dimon is gone. Many shareholders have a general preference to separate the posts, it said.

Dimon has made something of a joke of perpetually saying he will resign in five years. In 2019, he said the five-year clock had actually begun.

In his letter to shareholders, Dimon addressed the relationship between the United States and China and said the United States should revamp its supply chain to restrict its scope to suppliers within the United States or to only include “completely friendly allies”. He urged the United States to rejoin the Trans-Pacific Partnership (TPP), one of the world’s biggest multinational trade deals.

Commenting on the macroeconomic environment, Dimon said the number of Federal Reserve interest rate hikes “could be significantly higher than the market expects.” He also detailed the bank’s rising expenses, in part due to technology investments and acquisition costs.

The letter is Dimon’s 17th as CEO. While Dimon is not the only CEO of a top U.S. bank to write such letters, his have become must-reads among Wall Street’s elite and policymakers for the view they provide into his political and economic ideas.

‘FORTRESS BALANCE SHEET’

This year’s letter comes as the Russia-Ukraine war and high inflation are hurting the economy, and as Dimon faces new skepticism from investors over expenses.

Some question his plans to increase spending on the bank’s information technology and campaigns to take market share in businesses and geographies where JPMorgan currently trails competitors, such as in Germany and the United Kingdom.

JPMorgan decided earlier this year to hold its first investor day since the pandemic began to address doubts about its spending plans. The meeting will be held on May 23.

Dimon has spent more than a decade building what he calls the bank’s “fortress balance sheet,” and he said it is now robust enough that JPMorgan could withstand losses of $10 billion or more and “still be in very good shape.”

While Dimon wrote that he is not worried about the bank’s exposure to Russia, he said the war in Ukraine will slow the global economy and will impact geopolitics for decades.

“We are facing challenges at every turn: a pandemic, unprecedented government actions, a strong recovery after a sharp and deep global recession, a highly polarized U.S. election, mounting inflation, a war in Ukraine and dramatic economic sanctions against Russia,” he said.

On acquisitions, Dimon said that the bank will be reducing stock buybacks over the next year to meet capital increases required by federal rules “and because we have made some good acquisitions that we believe will enhance the future of our company.”

JPMorgan has been on a buying spree, spending nearly $5 billion on acquisitions over the past 18 months. Dimon said that will increase “incremental investment expenses” by roughly $700 million this year.

Investments in technology will add $2 billion to expenses this year, Dimon said.

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Additional reporting by David Henry; Editing by Michelle Price, Muralikumar Anantharaman and Nick Zieminski

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China sends military, doctors to Shanghai to test 26 million residents for COVID

  • Shanghai reports 9,006 symptomatic and asymptomatic cases for April 3
  • City launches largest public health response since virus emerged
  • Citizens complain of unsanitary conditions in quarantine centres

SHANGHAI, April 4 (Reuters) – China has sent the military and thousands of healthcare workers into Shanghai to help carry out COVID-19 tests for all of its 26 million residents as cases continued to rise on Monday, in one of the country’s biggest-ever public health responses.

Some residents woke up before dawn for white-suited healthcare workers to swab their throats as part of nucleic acid testing at their housing compounds, many queuing up in their pyjamas and standing the required two metres apart.

The People’s Liberation Army (PLA) on Sunday dispatched more than 2,000 medical personnel from across the army, navy and joint logistics support forces to Shanghai, an armed forces newspaper reported.

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So far 38,000 healthcare workers from provinces such as Jiangsu, Zhejiang and the capital Beijing have been dispatched to Shanghai, according to state media, which showed them arriving, suitcase-laden and masked up, by high-speed rail and aircraft.

It is China’s largest public health response since it tackled the initial COVID-19 outbreak in Wuhan, where the novel coronavirus was first discovered in late 2019. The State Council said the PLA dispatched more than 4,000 medical personnel to the province of Hubei, where Wuhan is, at that time.

Shanghai, which began a two-stage lockdown on March 28 that has been expanded to confine practically all residents to their homes, reported 8,581 asymptomatic COVID-19 cases and 425 symptomatic COVID cases for April 3. It also asked residents to self-test on Sunday.

The city has emerged as a test of China’s COVID elimination strategy based on testing, tracing and quarantining all positive cases and their close contacts.

The exercise in China’s most populous city takes place on the eve of when Shanghai initially said it planned to lift the city’s lockdown.

The country has 12,400 institutions capable of processing tests from as many as 900 million people a day, a senior Chinese health official was reported as saying last month.

China’s primarily uses pool testing, a process in which up to 20 swab samples are mixed together for more rapid processing.

The city has also converted multiple hospitals, gymnasiums, apartment blocks and other venues into central quarantine sites, including the Shanghai New International Expo Center which can hold 15,000 patients at full capacity.

On Monday, residents said they received the results on their personal health app about four hours after they were swabbed. But in other parts of the city some said they had yet to receive any notification on when their tests would be.

Individuals who refuse to be tested for COVID for no justifiable reason will face administrative or criminal punishment, Shanghai police said on Saturday.

PUBLIC FRUSTRATION

The surge in state support for Shanghai comes as the city is straining under the demands of the country’s “dynamic clearance” strategy, with some residents complaining of crowded and unsanitary central quarantine centres, as well as difficulties in securing food and essential medical help.

Some have begun to question the policies, asking why COVID-positive children are separated from their parents and why mild or asymptomatic infections – the majority of Shanghai’s cases – cannot isolate at home. read more

On Monday Shanghai official Wu Qianyu told a news conference that children could be accompanied by their parents if the parents were also infected, but separated if they were not, adding that policies were still being refined.

A Shanghai resident, who declined to be named for privacy reasons, told Reuters he had been transported to a central quarantine facility on Sunday night after reporting a positive result on a self test more than a week ago.

Another antigen test on Saturday showed he was no longer infected, but authorities insisted on sending him to quarantine, where he has been put in a flat where he has to share a toilet with two other patients, both of whom are still testing positive.

“How is this isolation?,” he said, adding that he was now afraid of being re-infected. “I’m not in any mood to do anything right now, I can’t sleep.”

On Monday, videos circulating on the WeChat messaging app showed scores of people rushing to grab bedding and supplies from the dirty floor of what the poster said was a quarantine centre whose premises were still littered with construction materials.

Reuters could not independently verify the footage.

WORKERS UNDER STRAIN

The pressure on the city’s healthcare workers and Communist Party members has also been great, as they work around the clock to manage the city’s lockdown and deal with residents’ frustrations.

Photos and videos have gone viral on Chinese social media of exhausted workers and volunteers sleeping in plastic chairs or on the grass outside housing compounds, or being berated by residents.

On Saturday, the city’s Pudong Chinese Center for Disease Control said it was investigating a leaked recording of a call between a staff member and the relative of a patient, who was perplexed by his father’s COVID test results.

The CDC staff member, who local media identified as infectious disease expert Zhu Weiping, could be heard saying exasperatedly that she herself had raised concerns over the current quarantine and testing rules and that the virus had become a “political” one.

Reuters was not able to independently verify the recording which went viral on Chinese social media.

Users of the Weibo social media platform started a hashtag “protect Zhu Weiping,” which by Monday had 2.9 million views, amid concerns that she could face punishment for speaking out against the official line.

Chinese President Xi Jinping has urged the country to curb the momentum of the outbreak as soon as possible while sticking to the “dynamic-clearance” policy. read more

On Saturday, Vice-Premier Sun Chunlan, who was sent to Shanghai by the central government, urged the city to “make resolute and swift moves” to curb the pandemic.

The eastern city of Suzhou said it had detected a version of the Omicron BA.1.1 subvariant that doesn’t match any others in the domestic database or the international variant tracking database GISAID, state television reported.

The state-backed Science and Technology Daily said it remains unclear whether the virus is a new sub-branch of Omicron and that the emergence of one or two new versions is normal given the spread of Omicron in China, citing an unidentified expert with a national database.

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Reporting by Brenda Goh, David Kirton and the Shanghai Newsroom; Editing by Stephen Coates, Gerry Doyle, Raju Gopalakrishnan and Ed Osmond

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Zelenskiy asks Grammys audience to support ‘in any way you can’

April 3 (Reuters) – Ukrainian President Volodymyr Zelenskiy on Sunday made a surprise video appearance at the music industry’s star-studded Grammy Awards celebration in Las Vegas and appealed to viewers to support his country “in any way you can.”

“What is more opposite to music? The silence of ruined cities and killed people,” said Zelenskiy in the video that introduced John Legend’s performance of “Free” and featured Ukrainian musicians and a reading by Ukrainian poet Lyuba Yakimchuck.

“Fill the silence with your music. Fill it today, to tell our story. Support us in any way you can. Any, but not silence,” Zelenskiy, wearing his now trademark olive green T-shirt, said in English, his voice hoarse.

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War broke out in Ukraine over a month ago after Russian military forces invaded, displacing millions of civilians and reducing cities to rubble. Russia calls its actions in Ukraine a “special operation”.

Actor-turned-wartime-leader Zelenskiy, 44, has used nightly videos to great effect at home, often appearing unshaven and wearing a T-shirt, and has also beamed his image directly to parliaments around the world.

He has pleaded with allies in speeches at the U.S. Congress, Japanese National Diet, British and Australian parliaments and Israeli Knesset, and on Sunday chose an event dedicated to the universal language of music to spur support for his country.

“Our musicians wear body armor instead of tuxedos, they sing to the wounded, in hospitals, even to those who can’t hear them but the music will break through,” he said.

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Reporting by Maria Caspani, Rami Ayyub and Daniel Trotta; Editing by Christopher Cushing and Stephen Coates

Our Standards: The Thomson Reuters Trust Principles.

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Satellite images show long trench at Ukrainian mass grave site, Maxar says

April 3 (Reuters) – Satellite images show a 45-foot-longtrench dug into the grounds of a Ukrainian church where a mass grave was found this week after Russian forces withdrew from the town of Bucha, a private U.S. company said on Sunday.

Reuters journalists who visited Bucha on Saturday saw bodies lying on the streets of the town, 37 km (23 miles) northwest of the capital Kyiv. A mass grave at one church was still open, with hands and feet poking through the red clay heaped on top. read more

Ukraine accused Russian forces on Sunday of carrying out a “massacre” in the town, one of many recaptured by Ukrainian troops as Russia regrouped for battles in eastern Ukraine. Russia denied the allegations, calling them a “provocation” by Ukraine. read more

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Maxar Technologies, which collects and publishes satellite imagery of Ukraine, said the first signs of excavation for a mass grave at the Church of St. Andrew and Pyervozvannoho All Saints were seen on March 10.

“More recent coverage on March 31st shows the grave site with an approximately 45-foot-long trench in the southwestern section of the area near the church,” Maxar (MAXR.N) said.

Reuters could not immediately verify the images. It was not clear if the images disseminated by Maxar were of the same church visited by Reuters journalists on Saturday.

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Reporting by Rami Ayyub; Editing by Daniel Wallis and Paul Simao

Our Standards: The Thomson Reuters Trust Principles.

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