China Protests Calls Xi to Resign, Sends Global Stocks Lower

MARKET MOVERS

• Chinese protesters call on Xi Jinping to resign, sends global stocks down. China analysts say this kind of public defiance is unprecedented for Xi Jinping’s presidency and could spiral into the worst political crisis for Beijing since the 1989 Tiananmen Square protests. Meanwhile, China’s Covid policies and the increasingly bold public reaction to them are threatening companies halfway across the world that rely on Chinese workers for product assembly.