Shares of exchange-traded funds that buy Chinese stocks slipped in late afternoon trading Monday, falling after the Hang Seng index in Hong Kong rallied 4.5% amid media reports that China was softening its COVID-19 restrictions in face of protests.
The... Shares of exchange-traded funds that buy Chinese stocks slipped in late afternoon trading Monday, falling after the Hang Seng index in Hong Kong rallied 4.5% amid media reports that China was softening its COVID-19 restrictions in face of protests. The Associated Press reported that on Monday commuters in Beijing and other cities were allowed to board buses and subways without a virus test in the previous 48 hours for the first time in months. Reuters reported Monday that China may announce 10 new COVID easing measures as early as Wednesday, citing sources with knowledge of the matter.