China stocks surge, yuan jumps past 7 per dollar after COVID curbs eased

06.12.2022

China stocks surged and the yuan firmed past the strong side of the closely watched 7-per-dollar level on Monday, both hitting their strongest levels since September, as investors welcomed China's easing of domestic COVID-19 restrictions.

The blue-chip CSI 300 Index closed up 2%, while Hong Kong's Hang Seng Index climbed 4.5%...