China stocks jump as easing Covid-19 outbreak lifts sentiment | The Straits Times

HONG KONG (BLOOMBERG)- Equities in China and Hong Kong rallied as declining virus cases on the mainland boosted sentiment and triggered dip-buying in the region’s battered stock market. The benchmark CSI 300 Index rose as much as 2.9 per cent on Wednesday (May 11), adding to its 1.1 per cent gain from the previous session. Stocks also climbed in Hong Kong, where a gauge of Chinese tech firms jumped as much as 6 per cent, poised to snap a five-day losing streak. The advance was driven by signs that China’s virus outbreak is easing. Shanghai reported a 51 per cent…