Asian stocks surge after China eases zero-COVID rules

Japanese yen boosted by hopes that Fed will slow rate increases

Asian stock markets rallied on Nov. 11, as China eased its COVID curbs and after a strong session on Wall Street. (Photo by Kento Awashima)

ECHO WONG, Nikkei Staff Writer

November 11, 2022 13:27 JST

Updated on November 11, 2022 18:33 JST

HONG KONG -- China and Hong Kong stocks rallied strongly on Friday after China eased its strict COVID curbs, following an overnight surge in U.S. share prices in reaction to better than expected inflation data.

The measures announced by China's health agency included cutting the amount of time that inbound travelers must spend in centralized quarantine and easing off penalties for airlines that bring in imported cases.