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China Markets Spring Back Into Action as Covid Lockdowns Ease

  • Yuan and stock trading volumes rebound, repo near record
  • China risk from lockdowns has run its course: Mizuho Bank
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Financial markets across China are buzzing with activity as easing Covid lockdowns boost trading.

Yuan-trading volumes in the onshore market bounced off two-year lows while stock turnover topped the key 1 trillion yuan ($149 billion) mark for two straight sessions this week. That’s after Shanghai officially reopened following a two-month lockdown and Beijing further loosened Covid curbs, spurring bets of an economic rebound and a return of foreign inflows into the country.