ZH - Why Zhihu Is Soaring Today
Shares of Zhihu (NYSE: ZH) are soaring 23.6% Tuesday morning at 10:51 a.m. ET as the possibility grows that China will end its draconian zero-tolerance COVID lockdown policies. Health authorities reported an increase in senior vaccination rates, which could be a signal for the government to reopen the economy.
Protests have been breaking out in major cities all across the country over the repressive policies that have forced people to remain indoors, not venturing forth even for food. Chinese citizens have begun fighting back and clashing with police as a result, in what some have called the biggest opposition to the Chinese Communist Party's rule since Tiananmen Square.
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Why Zhihu Is Soaring Today