Chinese shares fell on Tuesday after Beijing suspended classes at some schools due to rising virus cases, deepening concern that the government’s Covid Zero approach will weigh on the nation’s economic recovery and corporate earnings. The benchmark CSI 300 Index closed 1% lower, with financial and energy stocks leading the drop while consumer discretionary shares also slid. China Tourism Group Duty Free Corp. slumped 7.8%, the worst performer and one of the biggest drags on the main gauge. China’s capital halted classes at 18 primary and middle schools, at a time when the government’s stringent virus curbs have already been cited by companies and analysts for weak earnings in the third quarter. The latest measure will add to concerns that troubles for businesses may linger into the winter months. “Investors are worried that Beijing’s virus measures may cool down China’s economic activities and hamper its recovery,” said Steven Leung, […]