Asian asset manager Value Partners praises China's response to Coronavirus

Hong Kong-based Value Partners says China stocks have started to look ‘healthy' again despite recent disruption caused by the Coronavirus outbreak. Global stock markets plunged this morning after the implosion of an alliance between OPEC and Russia yet, the Shanghai Stock Exchange (SSE) was the least affected shedding only 3% in value. Within the last month the SSE has largely recovered from its virus woes by 10%, while the Chinese Yuan has soared above the US Dollar, which is currently trading at CNY 6.95/US$ 1. Value Partners has also praised China's "rapid" response to contain t...