Stocks advance, U.S. dollar retreats as China drops quarantine rule

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Stock markets gained while the U.S. dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID-19. China will stop requiring inbound travellers to go into quarantine starting from Jan. 8, the National Health Commission said on Monday. By Tuesday morning in Hong Kong, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%.

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