China shares rise after Shanghai says “victory” against Covid is closer


Source: pledgetimes.com pledgetimes.com

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SHANGHAI (Reuters) – China shares rose on Friday after Shanghai said it sought to halt the spread of Covid-19 in areas outside its strictly regulated quarantine zones this month, as officials pledged to prop up the economy as well. helped the feeling. The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, rose 0.75% on the day, while the Shanghai index rose 0.96%. The Hong Kong Hang Seng Index rose 2.68%, while the China Enterprises Index rose 3.2%. For the week, CSI300 gained 2%, the biggest jump in six weeks since Shanghai went into lockdown. The...