New hope China may soften on Covid boosts our stocks most tied to world's No. 2 economy
As always, we take speculation out of China with a grain of salt, but we're encouraged by news surrounding BioNTech's mRNA Covid vaccine there.
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The Nasdaq has a "very, very strong" pipeline of Chinese companies that want to list on the exchange in the coming months as the U.S. and China appear closer to resolving an audit dispute, said Bob McCooey, vice chairman of Nasdaq.
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Estee Lauder (EL) and other Club holdings with meaningful exposure to the Chinese economy bounced Friday, following news that BioNTech's (BNTX) Covid vaccine will soon be available to foreign residents living in China.
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