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Luckin Coffee Faces Tests As Chinese Economy Could Dramatically Weaken

From: msn.com

Over the past week, major Chinese equity benchmarks, such as the FTSE China 50 Index and the MSCI China Index, have been doing markedly less poor than the S&P 500 as the coronavirus from China has stabilized somewhat in the region while spreading to other countries. But less bad doesn’t mean good. The Chinese economy is nowhere close to being out of the coronavirus woods. Still, Luckin Coffee (NASDAQ:LK) stock deserves some credit. Yes, it’s lower by 5.43% for the week ending Feb. 27. That’s worse than the aforementioned China indexes, but it’s also better than the S&P 500 over the same period.

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