Alibaba Group Holding Ltd

China relaxes its Covid measures.  Here's how market pros play it

China relaxes its Covid measures. Here’s how market pros play it

China announced last week a shortening of its quarantine requirements, while simplifying travel rules and adjusting its surveillance regime. The news raised hopes that the country could soon materially roll back its draconian Covid restrictions, widely considered the toughest in the world. China has remained firm on its zero Covid policy even as countries around …

China relaxes its Covid measures. Here’s how market pros play it Read More »

Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14%

Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14%

Foreign tourist arrivals will not return to pre-Covid levels until 2025, Indonesian minister says Foreign tourist arrivals in Indonesia will not return to pre-Covid levels until 2025, according to the country’s tourism ministry. Sandiaga Uno, the country’s tourism and creative economy minister, said foreign tourist arrivals are currently at 25% of pre-pandemic levels. The government …

Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14% Read More »