MARKET WRAP: JSE soars on hopes of China easing stringent Covid measures

The JSE rose to the best level in seven months on Wednesday as investors bet that China would ease its stringent Covid-19 measures even as some economists cautioned that the process would take longer than expected.

The central Chinese city of Zhengzhou, home to Apple’s biggest iPhone factory, ended a five-day lockdown earlier on Wednesday, while restrictions were also lifted in four districts of Guangzhou in the south of the country. Residents in both cities have clashed with police in protests at the government’s persistently harsh measures to curb the coronavirus. ..

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand firms as China reports drop in record Covid casesInvestors will be keeping a close eye on developments in China and Wednesday’s speech by Fed chair Jerome Powell
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Rand firms as China reports drop in record Covid casesInvestors will be keeping a close eye on developments in China and Wednesday’s speech by Fed chair Jerome Powell
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks seesaw in Asia amid focus on China, Fed: markets wrapVolatile trading pushed stocks between losses and gains in Asia as investors weighed Covid developments in China and awaited a speech from Federal Reserve chair Jerome Powell later on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »

International Finance: Asian stocks rise on China rebound, while dollar falls: markets wrapA gauge of Asian stocks climbed as Chinese shares rebounded from the selloff sparked by nationwide unrest over Covid curbs. The dollar weakened against most major currencies as demand for haven assets eased.
Source: dailymaverick - 🏆 3. / 84 Read more »