China’s Shanghai Composite index jumped 35 points or 1.3% to close at 2,818 on Wednesday, following the positive cues from US equities overnight on the back of optimism that China stimulus measures will help offset the economic impact of the Wuhan virus outbreak. So far, the outbreak has claimed nearly 500 lives, infected more than 24,000 and spread to over 25 countries. The PBoC on Monday cut reverse repo rates to ensure ample liquidity supply in the financial system. The central bank also injected CNY 1.7 trillion into money markets on Monday and Tuesday.