Markets extend rally, China zero-Covid hopes boost HK ...Qatar

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Markets extend rally, China zero-Covid hopes boost HK
Asian and European markets rose again yesterday, building on the strong start to the week as traders look ahead to the Federal Reserve’s policy decision, hoping it will signal a more dovish approach to fighting inflation. Hong Kong led the rally with Shanghai following unconfirmed posts on Chinese social media saying officials were putting together a committee to discuss how to move the country away from its economically damaging zero-Covid policy. While Wall Street suffered a pullback from a recent rally, the mood in Asia remained optimistic while bargain-buying also provided some much-needed support to Hong Kong and Shanghai. The Fed is widely expected today to announce a fourth straight

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