Short-term sentiment has been boosted after the Chinese government announced plans to relax restrictions, said market observers.

Short-term sentiment has been boosted after the Chinese government announced plans to relax restrictions, said market observers.
The adjustments will be implemented in about three months time.
Despite the global slowdown in growth, most Asian economies and asset classes will benefit from broader reopening, said the British asset manager.
But easing of restrictions could open the Covid floodgates or heap more misery on global inflation woes.
This is the first time Morgan Stanley has been overweight China in almost two years.
Despite the headwinds, a full-blown banking crisis is still unlikely, said UBS.
Recent history has shown how successful sectors can be cut down to size at the whim of the government.
It is the first wealth and asset manager to convert its joint venture into a wholly foreign owned public fund management company.
The easing of government regulations will benefit the sector for the remainder of the year, Morningstar argues.
BlackRock’s majority-owned China asset management unit has appointed Hua Fan as its new general manager.
Part of the Mark Allen Group.