SHANGHAI – Shares in some Chinese temple operators and lottery sellers surged for a second day on Thursday amid a weak post-Covid recovery, as despondent young people rush to pray or gamble amid greater economic uncertainty.
The two mountains are among China’s most famous sacred Buddhist mountains, attracting millions of tourists yearly to their temples and Buddhism culture relics. “The surging stocks reflect a major macro-economy change this year - rising youth employment pressure,” said Mr Shi Pengfei, a consumer analyst at Beijing-based Spring Capital.
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