A district in Guangzhou has extended its lockdown (and Chinese shares are gaining)

The news out of China for equities Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Read this Term and other risk assets has not been positive:

Earlier:

• Weekend China news - on Saturday health officials confirmed zero COVID still in place
• ICYMI - China denied an end to COVID zero on Saturday. The US dollar is higher on Monday
• Chinese state financial media criticizes rumours of end zero COVID - urges legal response
• Apple has said that COVID restrictions in China are hurting iPhone production

Reopening is coming, but not any time soon:

• Goldman Sachs on China's COVID reopening - signs are there but its still many months away

And, this a few minutes ago:

• China's new COVID cases rising in latest reports. Zero policy will be here for some time.

Chinese stock markets don't care. Hong Kong's Hang Seng opened lower and is surging, up 2% or so!