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Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares jump 4% ahead of Chinese Covid briefing

China unlikely to make sudden changes to its Covid policy: National University of Singapore The Chinese government is unlikely to make any sudden changes to its zero Covid policy as it will lead to chaos, Professor Wang Gungwu of the National University of Singapore said on CNBC’s “Squawk Box Asia.” “If you change the policy …

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Bellwether Stock Pops, Guides 'Another Strong Year' After Profits Jump

Bellwether Stock Pops, Guides ‘Another Strong Year’ After Profits Jump

Deere (DE) gave a strong outlook for 2023 early Wednesday after beating earnings and revenue estimates for its fourth quarter, despite supply headwinds. DE stock broke out of a buy zone. X Deere, an industry indicator, benefited from farm equipment prices constrained to record highs by parts shortages, as well as higher crop prices. These …

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