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China stocks fall as COVID outbreak fears grow; HK up on easing curbs

December 13, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
China stocks fell on Tuesday, as optimism over easing COVID-19 restrictions started fading amid signs of a spike in inflections in major Chinese cities including Beijing. Hong Kong stocks however gained on news that the city would further relax its COVID curbs, boosting consumer and property shares. The benchmark CSI300 Index fell 0.3%, while the Shanghai Composite Index dipped 0.2%. Hong Kong's Hang Seng Index climbed 0.6%. China and Hong Kong stocks have rebounded sharply from their end-October lows on hopes China would drop its strict zero-COVID policy. Chinese authorities dismantled many strict zero-COVID policies last week, but optimism about...
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Tags: auto | Beijing | Chengdu | China | Chinese | consumer | Covid-19 | data | Economy | executive | government | Hang Seng | Hong Kong | index | KONG | medical | medicine | mobile | news | Nomura | pharmaceutical | Shanghai | stocks | technology | Wuhan

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