Stocks in Hong Kong led gains in the Asia-Pacific alongside Chinese indexes as China’s health authorities held a briefing on its Covid measures.
Hong Kong’s Hang Seng index jumped more than 4% in the afternoon session with the Hang Seng Tech index rising past 6%. In mainland China, the Shanghai Composite climbed 2.24% and the Shenzhen Component added 2.4%.
The CSI 300 index, which tracks the largest mainland-listed stocks, climbed nearly 3% as the nation’s Covid cases on Monday were lower than Sunday’s count, the first decline since Nov. 19.
The moves come after a negative start to the week were investors reacted to the unrest over China’s Covid restrictions. Major U.S. indexes lost around 1.5% each.
In Australia, the S&P/ASX 200 was up 0.33% to close at 7,253.30. South Korea’s Kospi traded around 1% higher. MSCI’s broadest index of Asia-Pacific shares added 1.73%.
Meanwhile, the Nikkei 225 in Japan fell 0.48% to 28,027.84 and the Topix shed 0.57% to 1,992.97 as retail sales data missed expectations and the nation’s unemployment rate was unchanged from September.
https://www.cnbc.com/2022/11/29/asia-markets-china-covid-stocks-japan-unemployment-retail-sales.html
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