Following the announcement by the local government that it will adopt the mainland's strategy of gradually easing Covid-induced limits, Macau casino shares surged, leading the increase in stocks linked to China's reopening.
A Bloomberg index that tracks six casino operators increased up to 8.6%, reaching its highest level since September 2021. The gains were led by MGM China Holdings Ltd. and Wynn Macau Ltd., both of which increased by more than 10%.
Most airlines and tour companies have made advancements.
A Bloomberg index that tracks six casino operators increased up to 8.6%, reaching its highest level since September 2021. The gains were led by MGM China Holdings Ltd. and Wynn Macau Ltd., both of which increased by more than 10%.
Most airlines and tour companies have made advancements.
