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China Reopening Stocks Jump on Report of Covid Policy Easing

  • Gauge of Macau casino shares jumps by most in two weeks
  • Thai baht rallies on optimism over return of Chinese tourists
Updated on

China’s consumer and retail shares rallied on Thursday after a report said that Beijing was weighing an exit from its strict Covid-Zero policy.

A Bloomberg gauge of Macau gaming stocks rose 3.4%, its biggest gain in over two weeks. Airlines and restaurants also surged, with Air China Ltd. and Haidilao International Holding Ltd. advancing by at least 3.8% in Hong Kong.