China Stocks Rise as Easing Covid Outbreak Lifts Sentiment
- CSI 300 Index up for second day as Shanghai virus cases fall
- Shares also rise in Hong Kong; tech gauge snaps five-day loss
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Equities in China and Hong Kong gained as declining virus cases on the mainland boosted sentiment and triggered dip-buying in the region’s battered stock market.
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.