Hong Kong’s Stocks Surge 3% as Authorities Look to Lift Outdoor Mask Mandate

Hong Kong stocks edged higher on Thursday amid mixed sentiment in the Asian markets as investors are monitoring the impact to the global economy from central banks’ aggressive rate hikes, while Hong Kong is looking to lift the outdoor mask mandate.


The Hang Seng Index rose as much as 3.05% in the morning session of Asia’s trading hours on Thursday. China’s SSEC gained 0.03%, Japan’s Nikkei fell 0.74%, Korea’s Kospi dipped 0.61% and Australia’s ASX200 dropped 0.62%.

Thailand’s SET Index fell 1.97 points or 0.12% to 1,620.31 points in 15 minutes after the opening bell.


Early Thursday, a local news outlet reported that the financial hub is considering further easing of Covid restrictions, including lifting outdoor mask rules and relaxing mandatory testing for arrivals.

According to the report, quarantines for close contact with Covid carriers could be reduced as well.