Stocks and Commodities Jump as China Drops Quarantine Rule

A man looks at an electronic board displaying Japan's Nikkei index outside a brokerage in Tokyo, Japan, on Aug. 29, 2022. Kim Kyung-Hoon/Reuters

LONDON—Stock markets gained on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, outperforming an index of global shares, which rose 0.2 percent. China’s bluechip gained 1 percent.