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Shares of China-based funeral company are surging as Covid infections spike

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Workers in protective gear handle a coffin and coffin case at Dongjiao Funeral Parlor, reportedly designated to handle Covid fatalities, in Beijing, China, on Monday, Dec. 19, 2022. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of China's biggest cemeteries operator and funeral service rose to their highest level in more than a year as the country struggles with a wave of Covid infection s. Fu Shou Yuan International Group stock reached a 2022 high at 7.04 Hong Kong dollars a share as of Friday's close — having surged about 80% in two months – as the country abruptly ended most of its Covid control measures and saw case numbers surge. Loading chart... Despite widespread reports of a spike in Covid deaths that's straining hospitals and funeral homes, China's official Covid death toll remains low. Health authorities there re-defined Covid deaths to include only people who die from pneumonia or respiratory failure — a contrast with most other countries...

Shares of China-based funeral company are surging as Covid infections spike

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Workers in protective gear handle a coffin and coffin case at Dongjiao Funeral Parlor, reportedly designated to handle Covid fatalities, in Beijing, China, on Monday, Dec. 19, 2022. Bloomberg | Bloomberg | Getty Images Hong Kong-listed shares of China's biggest cemeteries operator and funeral service rose to their highest level in more than a year as the country struggles with a wave of Covid infection s. Fu Shou Yuan International Group stock reached a 2022 high at 7.04 Hong Kong dollars a share as of Friday's close — having surged about 80% in two months – as the country abruptly ended most of its Covid control measures and saw case numbers surge. Loading chart... Despite widespread reports of a spike in Covid deaths that's straining hospitals and funeral homes, China's official Covid death toll remains low. Health authorities there re-defined Covid deaths to include only people who die from pneumonia or respiratory failure — a contrast with most other countries...