Asian markets up after China ends travel quarantine | Business

Asian markets rose on Tuesday after China said it would end quarantine for arrivals, spurring hopes for the revival of the world's second-largest economy and boosting oil which continued its upward surge on fears of Russian production cuts.

The curbs had torpedoed the economy and sparked nationwide protests. The latest easing will see three years of border controls end on January 8 when Beijing downgrades Covid-19 to a Class B infectious disease, ending mandatory quarantine for overseas arrivals. After a holiday for commodities traders on Monday, oil continued its surge after a senior official saying Russia could cut up to seven percent of its production next year.

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