Coronavirus Update: Shanghai to expand work resumption in zero-COVID areas in early June

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Coronavirus Update: Shanghai to expand work resumption in zero-COVID areas in early June Coronavirus SP500 China RiskAversion

Shanghai port throughput has recovered to around 90% of levels a year ago.Shanghai to require residents to show negative results for PCR tests taken within 48 hours before using public transport.

Risk-off flows are gradually easing, reflective of a minor recovery in the S&P 500 futures, as China’s financial hub embarks upon the reopening path.nurse heavy losses. USD/CNY is adding 0.10% on the day to trade at 6.7613, as the Chinese yuan fails to cheer the encouraging news. 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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