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China stocks gain on easing COVID curbs, softer U.S. inflation data

December 14, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
China and Hong Kong stocks rose on Wednesday as easing COVID-19 curbs and refocus on economic growth underpinned sentiment, with softer-than-expected U.S. inflation data fuelling expectation of a slowdown in interest rate hikes. China's blue-chip CSI 300 Index rose 0.21%, while the Shanghai Composite Index edged up 0.13%. The Hang Seng Index climbed 0.69% and the Hang Seng China Enterprises Index advanced 0.92%. Asian stocks rose, bonds were firm and the dollar nursed losses after data showed U.S. consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in...
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