China's Big Pledges Set to Test Covid-Weary Markets in Reopening

Article reports that Chinese markets will return to action Thursday after a three-day break, putting to test whether Beijing has done enough to convince investors that strict Covid lockdowns won’t hamper efforts to boost economic growth and pledges to go gentle on Big Tech are genuine. Stocks may come under pressure following losses in Hong Kong shares earlier this week, a reversal of Friday’s rally after Chinese leaders vowed to spur a faltering economy and signaled a softening stance toward private enterprise. Economic pessimism means the yuan will likely continue to struggle and bonds may be supported, although the outcome of a key Federal Reserve meeting Wednesday also will help shape their directions.