Chinese equities overcame early volatility to advance on the first day of the new year as optimism grew that Covid infections may have peaked in some parts of the nation.
The Hang Seng China Enterprises Index, which tracks Chinese firms listed in Hong Kong, was up 2.2% as of 2:15 p.m. local time — heading for its best first-day trading performance in any year since 2018. On the mainland, the benchmark CSI 300 Index was up 0.5%.
