China relaxes virus rules – Gaming Stocks Jump
iBET ETF Insights: Chinese stocks rallied after Beijing and Shenzhen said they would lift measures that required commuters to show negative Covid test results before travel. China gaming is being pressued by growth in both Malaysia and the Philippines. Wynn Macau, MGM China and Sands China all saw significant gains.
Stocks Impacted: MGM, LVS, WYNN, MLCO