Asian markets rally on hopes of Shanghai gradually reopening ...Qatar

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Asian markets rally on hopes of Shanghai gradually reopening
Hong Kong led a rally across Asian markets yesterday on hopes that China’s economic engine Shanghai will ease its weeks-long lockdown and gradually reopen businesses, though analysts caution against any long-term relief. Much of the city of 25mn has been under lockdown since April as Beijing attempts to stamp out an Omicron-fuelled virus surge under its strict zero-Covid policy. Vice Mayor Chen Tong said Sunday that the city would gradually reopen businesses starting this week. Though no details were given and residents were still in their homes on Tuesday, Asian markets have cheered over the announcement. “Hopes that the Shanghai lockdowns will ease, along with the ensuing supply chain dis

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