Chinese stocks rallied on Friday, while the Hang Seng index surged 6% after the Hong Kong government relaxed some COVID-related curbs, driving optimism over a broader withdrawal of restrictions.
Chinese bourses recouped all of their losses this week, while the Hang Seng was set to rise more than 5% for the week.
But the city still has some checks on tracking the movement of individuals, and still regards the COVID-19 pandemic as a “public health emergency.”
The move also comes amid speculation that China also plans to scale back strict anti-COVID curbs in the near-term.
But Beijing has given no such indication.
Source: Investing.com
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