MARKET
China gives conditional approval to Genuine Biotech’s HIV drug for COVID patients
China on Monday gave conditional approval to domestic firm Genuine Biotech’s Azvudine pill to treat certain adult patients with COVID-19, adding another oral treatment option against the coronavirus.
Hong Kong stocks closed lower, shipping and auto firms led losses, mainland property developers rallied
Hong Kong stocks closed lower on Monday, with the benchmark Hang Seng Index down 0.22%, the Hang Seng China Enterprises Index down 0.42% and the Hang Seng Tech Index sliding 1.4%.
Chinese A-shares closed lower in light trading, auto and power companies leading losses
Chinese A-shares closed lower on light trading volume on Monday, with the benchmark Shanghai Composite Index sliding 0.6% to close at 3,250, the Shenzhen Component Index down 0.8% and the tech-heavy Chinext Price Index sliding 1.2%.
Cities of Taizhou, Luzhou ease property curbs to support housing market
Another two Chinese cities relaxed home purchase curbs in a bid to bolster the struggling housing market.