fxs_header_sponsor_anchor

News

Global Times suggests China could soon abandon zero-Covid policy

Risk sentiment is witnessing a fresh boost, as investors assess the latest tweets from Hu Xijin, a commentator at the highly-influential Chinese state media, Global Times.

Hu tweeted: “The new Omicron variant is spreading fast, pushing adjustment in COVID response in many parts of China. China's current rate of severe cases is about 0. 025%. Most Chinese people are no longer afraid of being infected. China may walk out of the shadow of COVID-19 sooner than expected.”

Another tweet read: “Protests took place in many places in China over the past weekend. With the relaxation of the epidemic prevention and control measures, public sentiment will soon calm down. I can give an absolute prediction: China will not become chaotic or out of control.”

This set of tweets suggests that China could soon abandon its zero-Covid policy, boosting the S&P 500 futures 0.30% higher while the AUD/USD pair recaptures 0.6700, up 0.80% on the day.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.