Shanghai COVID improves and Hong Kong-listed IT giants surge


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Shanghai stocks surged on Tuesday as the city reached a long-awaited milestone of three days without a new COVID-19 case outside quarantine zones, while Hong Kong-listed tech firms gained on anticipation of a relaxation of the sector’s crackdown. At the close of the morning session, the CSI300 index was up 0.9 percent to 3,991.34, while the Shanghai Composite Index was up 0.3 percent to 3,082.66. The Hang Seng index increased by 2.2 percent to 20,395.66 points. The Hong Kong China Enterprises Index increased by 2.6 percent to 7,000.38 points. Shanghai’s achievement of the milestone usually indicates “zero COVID” status and...