Stocks in China are rising as COVID restrictions are eased, boosting investor confidence


Source: bollyinside.com bollyinside.com

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On Tuesday, Chinese stocks rose as Beijing reduced COVID-19 restrictions, raising prospects for a rebound in consumption, while a report on China ending a cybersecurity investigation boosted market confidence. By the end of the morning session, the CSI300 index had risen 0.7 percent to 4,193.15, while the Shanghai Composite Index had risen 0.5 percent to 3,252.00. The Hang Seng index fell 0.1% to 21,628.37 points. At 7,501.21, the Hong Kong China Enterprises Index remained steady. ** The Universal Beijing Resort, which had been closed for more than a month to comply with China’s COVID-19 prevention measures, said it would reopen...