Chinese stockmarkets open strong

Both mainland and Hong Kong stocks are opening strongly.

Plenty of stimulus coming from China, this the latest:

• PBOC wants to boost domestic demand, expand consumption

And, from yesterday:

1. policy support for the economy:

• ICYMI - China's Finance Minister reiterated plans to appropriately expand fiscal spending

2. A potential bounce out of COVID:

• China COVID peak? Nearly a dozen major Chinese cities are reporting recovery in subway use

3. Seasonal demand:

• ING on why demand for yuan in the onshore market should increase

HK's Hang Seng:

The tech index is even stronger.