As China eases Covid restrictions, Club stocks stand to gain


Although domestic travel in China continues to be jeopardized by Covid-19 outbreaks and lockdowns, international flights have doubled since June.
Bloomberg | Bloomberg | Getty Images

The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for a host of Club holdings with substantial operations in China, including Estee Lauder (EL), Wynn Resorts (WYNN) and Starbucks (SBUX), all of which have been weighed down by nearly three years of lockdowns.

Articles You May Like

Some of Wall Street’s biggest names are exposed to the Adani Enterprises plunge
Future industrial action ‘will be even bigger’ if ministers do not act, union boss warns
Couple jailed for 10 years over viral video showing them dancing at Iran landmark
Dominic Raab should be suspended over bullying claims, says ex-Tory chair
US shoots down ‘spy balloon’ as China threatens ‘further actions’