Sydney Asian stocks continued to rally on Monday on hopes of an lifting of pandemic restrictions in China. There have been reports that the Beijing government may downgrade its coronavirus threat rating. Other Chinese cities had announced some easing of restrictions over the weekend.
The Shanghai Stock Exchange closed 1.8 percent up at 3212 points. The index of the most important companies in Shanghai and Shenzhen gained 2.0 percent to 3,947 points. Hong Kong’s Hang Seng Index jumped 4.4 percent to 19,488 points, rebounding 35 percent from its Oct. 31 historical low.
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