MarketsChina stocks rally on signs of Beijing COVID shift
Investors react to comments on new situation in handling of pandemic
China stock indexes displayed on Nov. 29. Markets rallied on Dec. 1 after signs of a softer "zero-COVID" stance in the country. (File photo by Getty Images) © Getty Images
ECHO WONG, Nikkei staff writer
December 1, 2022 13:03 JST
HONG KONG -- Chinese markets surged on Thursday after a senior official spoke of a "new situation" that suggested the country might soften its strict zero-COVID policy, following the relaxation of some measures in a city battling thousands of infections.