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WRAPUP-China stocks eye best week in years on audit, reopening hopes

November 4, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Chinese stocks soared and the yuan jumped on Friday, setting Hong Kong's Hang Seng on course for its best week in a decade, on hopes for twin relief in U.S.-China tension and COVID rules. The Hang Seng surged either side of the midday break and was last up 7%, and heading for a weekly gain of more than 10% for the first time since November 2011. The Shanghai Composite rose 2.7% and was headed for a 5.6% weekly gain, the largest in more than two years. Bloomberg News reported initial U.S. inspections of audit papers at U.S.-listed Chinese companies -...
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Tags: AIM | Alibaba | audit | auto | Bloomberg | China | Chinese | chip | Covid-19 | currency | discount | Dollar | Hang Seng | Heading | Hong Kong | index | investor | online shopping | Renminbi | Shanghai | Singapore | social media | stocks | technology | Yuan

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