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SoftBank's investment chief pushes for a hedge fund vehicle
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 (Bloomberg) -- Asia's markets saw a mixed start to the week, with China's stocks and the yuan taking encouragement from pledges to support the nation's economy, and Japanese equities declining after a deep contraction in GDP.China's CSI 300 Index recouped all of its losses since trading resumed after the Lunar New Year break, with the central bank lowering one of its interest rates and saying it would support firms that can restart production as soon as possible. U.S. futures also climbed, and the strong China open helped limit losses in Japan. Treasuries aren't trading due to a U.S. holiday. The yuan rose, as did the Aussie.China also over the weekend unveiled plans for reducing corporate taxes and fees, and letting banks run up more non-performing loans. Bloomberg Economics estimated China's economy has been running at just 40% to 50% capacity in the last week, underscoring the short-term damage done by the coronavirus-linked shutdowns of large swathes of the country.Hubei, the province at the epicenter of the outbreak, Monday reported 1,933 new cases, slightly higher than a day earlier. Deaths were reported in France and Taiwan over the weekend, bringing to five the number of fatalities outside mainland China."If the Chinese economy does recover and you've added all this fiscal and monetary stimulus into it as well, the situation could be that you have much stronger emerging-markets into the second half" of 2020, Sunny Bangia, a fund manager at Antipodes Partners Ltd., said on Bloomberg TV in Sydney
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