Chinese stocks saw a reversal of fortune this week versus global peers as investors tiptoed back into the market, betting an expected lift of Shanghai lockdowns would spur a rally.
China’s benchmark CSI 300 Index rose 2% this week, standing out within a global sea of red. It’s also outperformed major peers for the month so far. Driving the turn in sentiment has been China’s stabilizing Covid-19 outbreak, which helped soothe worries that movement restrictions may intensify.
