Hopes of Covid curbs easing lift stocks, oil

By Agence France-Presse

Nov 30, 2022 12:18 am

HONG KONG: Equities rose with oil prices and the dollar weakened on Tuesday as China avoided another night of protests after a weekend of unrest, with speculation growing that officials would announce a further easing of the country's strict coronavirus containment measures.

The gains were led by a rally in Hong Kong and Shanghai, with property firms enjoying a much-needed surge on the back of moves to ease funding restrictions on troubled developers.

Medical workers in protective gear swab the mouths of residents for coronavirus testing at a residential area under lockdown in China’s capital Beijing on Tuesday, Nov. 29, 2022. AFP PHOTO

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