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China Stocks Jump as Easing Covid Curbs Boost Recovery Bets

  • CSI 300 Index gains most since May 20 as market reopens
  • Beijing opens up restaurants, cinemas as virus cases drop
Barriers surrounding a neighborhood placed under lockdown due to Covid-19 in Beijing, on May 31.

Barriers surrounding a neighborhood placed under lockdown due to Covid-19 in Beijing, on May 31.

Source: Bloomberg

By
Bloomberg News
Updated on

Chinese stocks advanced on Monday as a loosening of Covid-19 restrictions in Bejing increased bets that economic activity will pick up.

The CSI 300 Index jumped 1.9%, the most in more than two weeks, as traders returned after the long weekend. Shares related to electric vehicles led the advance after BYD Co. posted strong May sales. The smaller, growth-heavy ChiNext gauge rallied near 4%.