LONDON—Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals.
China slashed the quarantine time for inbound travelers 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.
Asian shares rose after the announcement and European stocks opened firmly in the green which sent the MSCI’s benchmark for global stocks into positive territory and on track for its fourth consecutive daily gain.
China’s strict zero-COVID regulations have been a drag on activity in the world’s number two economy, but an easing of travel restrictions and reopening of major cities from lockdowns boost optimism that growth can get back on track….