China Markets Rally After Unco

2022-11-01

China Markets Rally After Unconfirmed Social Posts on Reopening

▪️Stocks, yuan extend gains on speculation Covid Zero may loosen

▪️Hang Seng China gauge bounces back from lowest since late 2005

Chinese stocks roared back from a rout and the yuan strengthened as speculation mounted that policymakers are making preparations to gradually exit stringent Covid restrictions.

The Hang Seng Tech Index jumped as much as 9.3% Tuesday, while a stock gauge tracking Chinese companies listed in Hong Kong rose more than 6%, bouncing back from its lowest close since late 2005. The CSI 300 Index of onshore shares gained more than 3%.

https://www.bloomberg.com/news/articles/2022-11-01/tech-leads-broad-rally-in-chinese-stocks-after-historic-rout

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Comments

ec1111
2022-11-01
ec1111
noted and thans
Ah Deck
2022-11-01
Ah Deck
Okay
Kk66
2022-11-01
Kk66
Nice
Hayleyxn
2022-11-01
Hayleyxn
pk
Khooec
2022-11-01
Khooec
agree
LittleChive
2022-11-01
LittleChive
[Strong]

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