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Students in Hong Kong have chanted “oppose dictatorship” in a protest of China’s COVID-19 rules. That came Monday after demonstrators on the mainland issued an unprecedented call for President Xi Jinping to resign in the biggest show of opposition to the ruling Communist Party in decades. Demonstrations against China’s strict anti-virus measures spread to several cities over the weekend. Authorities eased some regulations, apparently as part of an attempt to quell public anger. But the government showed no sign of backing down on its larger coronavirus strategy. Analysts expect authorities to quickly silence the dissent. About 50 students sang at the Chinese University of Hong Kong and some lit candles to show support for demonstrators in mainland cities.

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NEW YORK (AP) —A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions.

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WASHINGTON — Two Federal Reserve officials said Monday that they favor raising the Fed’s key rate to roughly 5% or more and keeping it at its peak through next year — longer than many on Wall Street have expected.