China is Finally Reopening

Hong Kong stocks jump after China scraps Pandemic flight bans, cuts quarantine for inbound travelers.

Hong Kong stocks surged on Wednesday after China scrapped travel bans and cut quarantine measures for inbound travelers, raising hopes that profits from trade and tourism will soon rebound.

The decision comes as China looks to boost imports and revive global trade amid the pandemic that has decimated economies around the world.

Reopening stocks jump after China’s eased pandemic measures reported

Travel-related stocks listed in Hong Kong jumped shortly after Chinese state media reported the easing of its stringent pandemic measures.

Shares of Cathay Pacific jumped almost 3%, Air China rose more than 2%, China Eastern Airlines rose 6% shortly after the announcement. China Southern Airlines also gained more than 3%.

Goldman Sachs in a note had previously forecasted greater China markets to see a 20% stock rally upon a full reopening.

Investing in China during a recession can help you take advantage of lower prices on many imported goods.

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