Yum China (YUMC) Tops Q4 EPS by 6c, Revenues In-Line; Provides Commentary on Coronavirus Impact
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Hedge funds hold their nerve on China, seek opportunities
February 4, 2020 4:46 AM ESTBy Samuel Shen and Ira Iosebashvili
SHANGHAI/NEW YORK (Reuters) - Hedge funds are holding their nerve on China's ability to rebound quickly from a coronavirus outbreak that has rattled global markets, but many are also adding caveats as they try to predict the potential economic fallout.
Mainland China stocks tumbled on Monday, when Shanghai and Shenzhen markets opened after an extended Lunar New Year break, wiping out nearly $700 billion in market capitalization.
But the broad blue-chip CSI 300 , which fell almost 8% on Monday, rose 2.5% on Tuesday. European and U.S. markets followed later... More
