Chinese stocks rallied on Monday as investors continued to be optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course on “zero Covid” policies.
Major U.S.-listed Chinese stocks were higher in premarket trading, with
(ticker: BABA) rising 1.5%,
(JD) 2% in the green, and
(NIO) jumping 3%. In Hong Kong trading, the
Hang Seng Index
surged 2.7%, led higher by a 4.1% upward move in the Hang Seng Tech Index. Futures tracking the
index were up 0.5%, by comparison.
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