The CICC research report believed that the global market improved during the Chinese New Year holiday as the risks continued to ease. Before the holiday, the market sentiment continued to improve in light of the eased pandemic prevention policy in China and the easing inflation issue in the United States. During the CNY holiday, US stocks closed with gains. The S&P 500 rose 2.5%, NASDAQ rebounded 4.3%, and the HSI increased 2.9%.
CICC: Global Market Performed Well During CNY Holiday while Risks Eased
The CICC research report believed that the global market improved during the Chinese New Year holiday as the risks continued to ease.
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