The Shanghai Composite Index, China’s stock market, closed up more than 1.4% today, following reports that China reports no new cases of COVID-19 New cases in the country for the first time since July last. Which signaled that the situation in the latest round of outbreaks may be resolved soon.
The Shanghai Composite Index closed at 3,477.13, up 49.80, or +1.45%.
Chinese health officials reported today that China reports no new cases of COVID-19 New in the country today This is the first time since July last. Meanwhile, the number of infections in the country fell to single-digit levels last week. after touching the highest level in early August
Coal stock index and equipment manufacturers rebounded 5.2% and 2.8%, respectively.