Chinese ADRs and casino operators rally on signs of easing COVID restrictions

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Shares of top Chinese ADRs as well as U.S. casino companies with operations in Macau climbed on Monday on signs of easing COVID restrictions. Alibaba BABA, +4.79% and JD.com JD, +5.00% shares jumped 5% in premarket trade, while Wynn Resorts WYNN, +1.32% gained 4%. Earlier, the Hang Seng closed 4.5% higher. Commuters in at least 17 cities were allowed to board buses and subways without a virus test, and industrial centers have lifted most curbs on movement, according to the Associated Press.

This article was originally published by Marketwatch.com. Read the original article here.

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