News Snapshot:
Stocks in Asia and the Pacific closed mostly higher on Wednesday (11), after reports of advances in the fight against Covid-19 in China. Investors also digested the latest Chinese inflation data. In mainland China, the Shanghai Composite index rose 0.75% to 3,058.70 points, while the less comprehensive Shenzhen Composite rose 1.27% to 1,918.52 points. In Shanghai, which is facing the most serious outbreak of Covid-19 in the country, the daily number of new cases of the disease has dropped to less than 1,500 after peaking at 26,000 in mid-April. Despite the progress, the city reaffirmed that it will continue to...
