European shares hit highest level since May 2022, buoyed by China reopening

CNBC – UPDATED MON, JAN 9 202311:55 AM EST

The pan-European Stoxx 600 index closed 0.9% higher, with most sectors and most major bourses in positive territory. Technology stocks led gains, up 3.4%, followed by travel and leisure stocks, up 2.5%.

Asia-Pacific markets traded higher overnight as Hong Kong and mainland China resumed quarantine-free travel over the weekend, signaling the end of zero-Covid policy which kept borders effectively closed for nearly three years

Meanwhile, U.S. stocks rose in early trade after the major averages notched their first big rally of the new trading year.

Source: https://www.cnbc.com/2023/01/09/european-markets-live-updates-stocks-data-news-and-earnings.html