Markets in some regions including Hong Kong and Australia remain shut on Tuesday.
“Most Chinese cities could recover from the first wave of the latest COVID-19 outbreak by January… this would be faster than people have expected,” he said, adding there was concern of an outbreak lasting longer and weighing on the economy, but that developments have been in general better than expected.
Inbound tourists had recovered 60% to 70% by November for many Asean countries, Zhu said, citing in-house research, but there is still a gap between now and 2019 before the pandemic.The dollar moved broadly lower on Tuesday while Australia’s and New Zealand’s currencies jumped as risk appetite grew after China scrapped its quarantine rule.The kiwi surged 0.65 percent to $0.63115 while the Aussie gained 0.25 percent to $0.67485 in mostly thin year-end trading.
Brent crude was up 73 cents, or 0.9 percent, at $84.65 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $80.41 a barrel, up 85 cents, or 1.1 percent.
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