News Snapshot:
Story Highlights “The good news is the headline COVID case number has been falling,” Nomura said in a note, but “we are not at a turning point yet.” “The outlook for economic fundamentals and most financial assets in coming months will be largely determined by Beijing’s stance on its zero-COVID strategy rather than the number of daily cases.” China’s state planner will strengthen support for manufacturers, the service sector, and small firms, it said on Tuesday, as China’s retail and factory activity fell sharply in April due to wide lockdowns. *Semiconductors, new energy firms, and automobiles surged between 2.2% and...
