Caixin
Nov 08, 2022 04:22 PM
FINANCE

China Stock Rally Pauses as Covid Cases Surge Most Since April

A worker in protective gear guards an entrance to a neighborhood placed under lockdown due to Covid-19 in Shanghai on Monday. Photo: Bloomberg
A worker in protective gear guards an entrance to a neighborhood placed under lockdown due to Covid-19 in Shanghai on Monday. Photo: Bloomberg

(Bloomberg) — Chinese stocks halted a recent rally as a jump in Covid infections and official comments defending “zero Covid” dented optimism for a potential reopening. 

The Hang Seng China Enterprises Index slipped as much as 1.5% on Tuesday, following gains of about 14% over the past five days. A separate gauge on Chinese tech shares trading in Hong Kong fell as much as 2.4%.

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