UBS Wealth's Pu on Yuan, Asia, S&P Downgrade

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Aug. 8 (Bloomberg) -- Pu Yonghao, Hong Kong-based chief investment strategist for Asia Pacific at UBS Wealth Management, talks about the outlook for the appreciation of China's yuan, his investment strategy, and the impact of Standard & Poor's U.S. credit rating downgrade on China and Asia. The yuan strengthened the most since April, touching a record high, as a S&P's downgrade of the U.S. curbed demand for the greenback. Pu speaks with Rishaad Salamat on Bloomberg Television's "First Up." (Source: Bloomberg)