News Snapshot:
Relaxed Covid rules and economic support statements are reversing earlier outflows from China’s equity markets. As Beijing continues to ease covid travel rules and send other encouraging policy signals, foreign investors have been cautiously returning to Chinese equities, increasing the likelihood the bourse can sustain its bounce after months of heavy selling. With the S&P 500 ready to close its worst first half of any year since 1970 and bonds taking a beating, China’s depressed equity markets look more attractive amid worldwide inflation, interest rate hikes and recession fears. China’s blue-chip CSI300 index is up about 20% from its April...
