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China markets soar on zero-COVID exit hopes

Easing of long-running pandemic controls drives share rally

Pandemic prevention workers walk down a Beijing's street: Markets have cheered China's easing of strict COVID-19 curbs.   © Reuters

HONG KONG -- Chinese markets soared on Monday, as major cities relaxed virus curbs and infections dropped from record highs, giving investors hope for an end to Beijing's zero-COVID policy.

Hong Kong's major indexes rallied. The Hang Seng Tech Index jumped 9.25%. The Hang Seng China Enterprises Index climbed 5.26%, while the broader Hang Seng Index rose 4.55%.

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