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China, Hong Kong Stocks Rally Again on Fresh Reopening Rumors

News Snapshot:

© Reuters HK50 +5.53% Add to/Remove from Watchlist SSEC +2.41% Add to/Remove from Watchlist CSI300 +3.27% Add to/Remove from Watchlist USD/CNY -0.74% Add to/Remove from Watchlist USD/CNH -0.93% Add to/Remove from Watchlist By Ambar Warrick Investing.com– Chinese stocks surged on Friday as rumors continued to circulate on social media that the country plans to scale back COVID-related restrictions, even as government officials downplayed the possibility of such a move. China’s blue-chip index surged 2.7%, while the index jumped 2.1%, both trading around three-week highs. Hong Kong stocks were also caught up in the buying spree, with the index rallying nearly…

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