China traders are making easy money while rest of world panics

A worker wearing a mask works at a factory producing bicycle wheel rims in Hangzhou in eastern China's Zhejiang province. Factories in China have resumed production despite the Covid-19 outbreak. - AP

BANGKOK (The Nation/ANN): Global markets in turmoil. Central banks rushing to arrest panic. But in China, the country most affected by the virus outbreak, it's boom time for traders.

A gauge of stocks in Shanghai and Shenzhen has jumped 14% in just over a month to close at a two-year high on Thursday (March 5). One exchange-traded fund focused on 5G amassed US$2 billion in days as investors clamoured to chase a rally in tech shares.