Relaxed China Covid curbs lift shares

By Agence France-Presse

Dec 06, 2022 12:07 am

HONG KONG: Most stocks advanced on Monday as traders welcomed more easing of strict coronavirus containment measures in China that have hammered the world's second-largest economy.

The moves helped offset a forecast-busting United States jobs report that dented hopes that the Federal Reserve (Fed) would take a softer approach to hiking interest rates in its battle against decades-high inflation.

A man takes a picture of an electronic board showing the numbers for the Hang Seng Index with his mobile phone as a woman passes by in Hong Kong on Monday, Dec. 5, 2022. AFP PHOTO

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