China stocks rebounded sharply on Wednesday after data showed the country's loan growth beat expectations, while Hong Kong's stock index hovered around 11-year lows amid concerns of China's zero-COVID policy and overseas inflation and recession woes. The blue-chip CSI 300 Index and the Shanghai Composite Index both closed up 1.5%.
"The overnight plunge in the U.S. market dented sentiment in China's A-shares," said Wang Mengying, a stock index futures analyst at Nanhua Futures, adding that investors would continue to focus on domestic COVID-19 outbreaks and anti-virus measures, and the implementation of pro-growth policies. New energy shares slumped 2%, automobiles went down 1.6%, and consumer discretionary stocks lost 1.3%.
China stocks rebounded on Tuesday as real estate developers continued to rise on news that Beijing was planning to set up a fund to aid the troubled industry. The CSI300 index rose 0.9%.
As members of the 2022 Winter Olympics grooming service team, Zhu Youcheng and his 11 colleagues have been working in the Olympic Villages since January this year, providing such services as hairdressing and manicures to the athletes between 9 a.m. and 9 p.m. every day. Zhu, who is stationed in the Olympic Village in Beijing, […]