# China Lockdown Angst Rips Through Markets; CSI 300 Stocks, Yuan (CNY/USD) Plunge - Bloomberg

> Chinese stock markets fell sharply on April 25, 2022, with the CSI 300 closing nearly 5% lower on renewed lockdown concerns. The yuan also plunged, and oil dropped below $100 on worries over Chinese demand.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: geopolitics · region China · magnitude medium
- Page: https://feedsoft.ai/events/7338-china-lockdown-angst-rips-through-markets-csi-300-stocks-yuan-cny-usd-plunge
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lockdown-driven slowdown in China cuts expected demand for feed grains, oilseeds and meat, and lower oil prices reduce biofuel and freight cost support.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- HOGS: bearish ▼
- BRENT: bearish ▼
- USDCNY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2022-04-25 | 1 | +0.9% | 4.3 | Same-day lockdown angst in Beijing/Shanghai triggered a CSI 300 plunge of nearly 5% and a yuan sell-off, which directly explains the outsized 1-day CNY move (sentiment/risk aversion). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-16 | [China’s yuan slips from 2-month high as blast in Poland hurts sentiment - Markets - Business Recorder](https://feedsoft.ai/events/38903-china-s-yuan-slips-from-2-month-high-as-blast-in-poland-hurts-sentiment-markets.md) | +1.3% | -1.3% |
| USDCNY | 2026-04-02 | [China’s yuan slips from 3-week high as Trump vows sustained strikes on Iran - Markets - Business Recorder](https://feedsoft.ai/events/19954-china-s-yuan-slips-from-3-week-high-as-trump-vows-sustained-strikes-on-iran.md) | -0.6% | -0.5% |
| USDCNY | 2026-03-09 | [China's yuan hits one-month low against rebounding dollar as Iran conflict escalates \| MarketScreener](https://feedsoft.ai/events/11679-china-s-yuan-hits-one-month-low-against-rebounding-dollar-as-iran-conflict.md) | -0.0% | -0.2% |
| USDCNY | 2022-02-22 | [China's yuan weakens as Ukraine-Russia conflict adds to market anxiety \| INTERNATIONAL MARKET NEWS - Business Standard](https://feedsoft.ai/events/42927-china-s-yuan-weakens-as-ukraine-russia-conflict-adds-to-market-anxiety.md) | -0.3% | +0.5% |
| USDCNY | 2021-03-23 | [China's yuan dips as Xinjiang sanctions crimp risk sentiment \| Financial Post](https://feedsoft.ai/events/48337-china-s-yuan-dips-as-xinjiang-sanctions-crimp-risk-sentiment-financial-post.md) | +1.0% | +0.0% |
| WTI | 2026-06-15 | [China's yuan hits three-year high as dollar eases after US-Iran peace deal \| MarketScreener](https://feedsoft.ai/events/8411-china-s-yuan-hits-three-year-high-as-dollar-eases-after-us-iran-peace-deal.md) | -11.2% | -9.7% |
| WTI | 2024-05-02 | [Latest Oil Prices, Market News and Analysis for May 3 - Bloomberg](https://feedsoft.ai/events/7231-latest-oil-prices-market-news-and-analysis-for-may-3-bloomberg.md) | -0.1% | -1.9% |
| WTI | 2018-11-15 | [Citi Says Oil's Record Plunge Is a `Made in America' Phenomenon - Bloomberg](https://feedsoft.ai/events/6659-citi-says-oil-s-record-plunge-is-a-made-in-america-phenomenon-bloomberg.md) | -3.0% | -6.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-25/chinese-stocks-renew-selling-as-covid-curbs-spread-to-beijing

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.