Topline

Authorities in Shanghai have expanded its pandemic restrictions by locking down western parts of the city two days ahead of schedule as the number of Covid-19 cases in China’s financial hub continued to sharply rise, despite half the city already being under a stringent lockdown.

Key Facts

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China’s National Health Commission reported 5,656 new asymptomatic and 326 new symptomatic Covid-19 cases on Wednesday, up from the previous day’s numbers of 4,381 and 96, respectively.

Shanghai is currently on the third day of a planned two-phase restriction of the metropolis, which initially involved staggered five-day lockdowns for the city’s eastern and western halves split roughly along the Huangpu River.

The current phase of the lockdown—in place until Friday—was supposed to be limited to Shanghai’s Pudong financial district and nearby neighborhoods for mass testing.

However, Reuters reports that several residents in the western part of the city have also received notices from their housing committees barring them from leaving their residence for the next seven days.

The Shanghai Stock Exchange remains operational despite the lockdown and as of 3 pm local time it was up close 2% for the day.