Skip to content

Hong Kong Stocks Rally as City Seen Loosening Covid Rules

  • Report on relaxed Covid restrictions fuel broad market gains
  • Health officials announce shortening of Covid isolation period
Updated on

Hong Kong stocks jumped as expectations grew that the government will further relax Covid restrictions that have weighed on the city’s shares and its economic outlook.

The Hang Seng Index rose 3.4%, erasing Wednesday’s selloff, while a gauge of Chinese tech stocks trading in the city rallied 6.6%. A Bloomberg gauge of Macau casino shares surged more than 10%.