China coronavirus situation has been brushed aside – by fx_ross China AUDUSD Coronavirus Equities
this week despite the fresh tightening. After the 20th National Congress of the Chinese Communist Party last month, investors were backing the enthusiasm surrounding the prospects that Beijing would adjust its zero-COVID policy.
Meanwhile, at the start of this week, it was seen that China had recorded more than 28,000 new cases a day, nearly passing the country’s record. subsequently, authorities have since closed public spaces again—especially in Beijing, Shanghai, and other mega-cities. Nevertheless, global shares edged higher this week recovering some of the previous losses made at the start of the week. Improved investordrove flows into equities. Wall Street's major indexes closed higher on Wednesday, for instance, after investors cheered the Fed's meeting minutes.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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