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Travelers At Incheon International Airport News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares related to China s eased COVID lockdowns soar

Korea s COVID-19 reopening-related stocks are on a rally amid growing hopes of China s lifting of strict lockdown measures, multiple data showed. According to data from market tracker, FnGuide, the average profitability of 31 funds related to consumer goods reached 4.57 percent for a month until Dec. 16. This was far above that of local stock funds which reported negative 5 percent during the same period. Stock prices for consumer goods companies are generally considered key beneficiaries of loosening pandemic restrictions.

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