China Stocks Approach Bull Market as Investors Catch Up on Gains

(Bloomberg) — Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares rallied in Hong Kong to the highest levels in nearly four months.

The rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping’s planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos.