Chinese stocks saw a fortune reversal against global competitors this week, as investors tiptoed back into the market, hoping an expected lifting of lockdowns in Shanghai would spark a rally.
China’s benchmark CSI 300 Index rose 2% this week and stood out in a global sea of red. It has also outperformed its major competitors so far this month. The turn in sentiment has been the stabilizing Covid-19 outbreak in China, which has allayed concerns that restrictions on movement may increase.