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China stocks notch trillion-dollar gain on hopes of reopening, better US ties

November 5, 2022
Source: rappler.com rappler.com
News Snapshot:
Gains in value across Hong Kong, Shenzhen, and Shanghai over the week are approximately $1 trillion SINGAPORE – Chinese markets soared and the yuan rose on Friday, November 4, with about a trillion dollars added to the value of Chinese stocks in week, as rumors and news reports fed hopes for twin relief in US-China tension and China’s tough COVID-19 rules. The Hang Seng surged 5.3% and notched its biggest weekly gain in 11 years. The Shanghai Composite rose 2.4% for a 5.3% weekly gain, the largest in more than two years, and China-sensitive assets around the world rose sharply....
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