China’s equity benchmark, the Shanghai Composite Index, has risen around 10 per cent in the last month despite the impact of the ongoing coronavirus and data that showed the manufacturing and services sectors activity contracted sharply in February. Photo: ReutersChina’s equity benchmark, the Shanghai Composite Index, has risen around 10 per cent in the last month despite the impact of the ongoing coronavirus and data that showed the manufacturing and services sectors activity contracted sharply in February. Photo: Reuters
China’s equity benchmark, the Shanghai Composite Index, has risen around 10 per cent in the last month despite the impact of the ongoing coronavirus and data that showed the manufacturing and services sectors activity contracted sharply in February. Photo: Reuters

Coronavirus: China could become new investment safe haven as stocks, yuan rally while global markets suffer

  • China stock market has risen 10 per cent in the last month, while yuan has also gained despite the economic damage from the coronavirus outbreak
  • Investors may see yuan assets as attractive purchases with coronavirus cases seemingly nearing a peak in China but rising rapidly elsewhere

Topic |   Coronavirus pandemic
China’s equity benchmark, the Shanghai Composite Index, has risen around 10 per cent in the last month despite the impact of the ongoing coronavirus and data that showed the manufacturing and services sectors activity contracted sharply in February. Photo: ReutersChina’s equity benchmark, the Shanghai Composite Index, has risen around 10 per cent in the last month despite the impact of the ongoing coronavirus and data that showed the manufacturing and services sectors activity contracted sharply in February. Photo: Reuters
China’s equity benchmark, the Shanghai Composite Index, has risen around 10 per cent in the last month despite the impact of the ongoing coronavirus and data that showed the manufacturing and services sectors activity contracted sharply in February. Photo: Reuters
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