new York Hopes of relaxed corona restrictions in China supported the US stock exchanges on Friday. The Dow Jones index and the index of the technology exchange Nasdaq rose by one percent to 32,342 and 10,451 points. The broader S&P 500 gained 1.2 percent to 3,761 points.
Posts on social media suggesting a shift away from China’s zero-Covid policy in March eased investor fears of an economic slowdown in the Middle Kingdom. Chinese companies listed in the US, including Alibaba, JD.com and Baidu, rose between six and eight percent.
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