May 11, 2022 08:04 PM

FINANCE

China Stocks Rise as Easing Covid Outbreak Lifts Sentiment

Investors pay attention to the stock market at a securities office in Fuyang city, East China’s Anhui province, on April 21. Photo: Bloomberg

Investors pay attention to the stock market at a securities office in Fuyang city, East China’s Anhui province, on April 21. Photo: Bloomberg

(Bloomberg) — Equities in the Chinese mainland and Hong Kong gained as declining virus cases in China boosted sentiment and triggered dip-buying in the country’s battered stock markets.

The benchmark CSI 300 Index closed up 1.4% on Wednesday, adding to its 1.1% rise from the previous session. Stocks also climbed in Hong Kong, where a gauge of Chinese tech firms jumped 2.9% to snap a five-day losing streak.

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