Hong Kong shares soar more than 7 per cent as Communist Party says COVID-19 control measures may ease
Shares soared more than 7 per cent in Hong Kong on Friday after a Communist Party newspaper reported that local officials were being urged not to impose overly burdensome controls to curb coronavirus infections.
Hong Kong’s market has gyrated in the past few days as investors speculated over signs that Beijing might ease stringent “zero-COVID” policies that have led to entire cities being kept in lockdown for weeks. The policies also require frequent mass testing and lengthy quarantines for travellers. It said that was “in a bid to correct mistakes from overly strict measures that have caused damage to people’s properties and lives.”
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