Wynn Macau leads rally in gaming stocks as China cut travellers' COVID quarantine time

Fosun Tourism

28/06/2022 08:49

** Shares of Wynn Macau  1128.HK  leads the rally in Macau
gaming stocks, jumping 13.6% to HK$5.59, the biggest daily
percentage rise since July 2015 if gains hold as the market
cheers China lowering the quarantine time for overseas visitors.
    ** The stock hit the highest since April 7, on course for
the third consecutive session gain.
    ** China on Tuesday slashed the quarantine time for inbound
travellers by half in a major easing of one of the world's
strictest COVID-19 curbs, which have deterred travel in and out
of the country since 2020.  urn:newsml:reuters.com:*:nL1N2YF06Q
    ** A third round of mandatory COVID-19 testing for all
Macau's residents, which launched on Monday, will end later on
Tuesday. Two rounds of COVID tests were conducted in the world's
biggest gambling hub in the past week.  urn:newsml:reuters.com:*:nL4N2YD0AQ
    ** Rival Sands China  1928.HK  surges 9.9%, the biggest
percentage gainer in the Hang Seng Index  .HSI .
    ** MGM China  2282.HK , Galaxy Entertainment  0027.HK ,
Melco International  0200.HK  and SJM  0880.HK  rise between
6.7% and 8.6%. 
    ** Chinese tourism-related companies  .CSI930633  jump 5%.
    ** Chinese travel services provider Trip.com  9961.HK  soar
18.1%, Fosun Tourism  1992.HK  surges 15.9%, and hot-pot chain
operator Haidilao  6862.HK  is up 8.1%.
    ** Hang Seng Commerce & Industry Index  .HSNC  climbs 0.5%
and Hang Seng Index  .HSI  gains 0.7%.


 (Reporting by Donny Kwok, Editing by Louise Heavens)
 ((donny.kwok@thomsonreuters.com))