ASX rises as Wall Street rallies, cryptocurrency markets in turmoil

Australian shares have reversed early gains, as China eased some of its strict COVID-19 rules, spurring hopes of a recovery in demand.Key points:The ASX 200 has lost more than 3 per cent since the year beganOn Friday, all three major Wall Street indices closed higherThe pan-European STOXX 600 index was up 0.1 per centThe local…