by Chris Becker
Asian stocks were mixed today, as Japanese bourses were closed for a holiday, Chinese markets rallied although the Shanghai Composite is selling off going into the close, threatening to break support at 3000 points. Eurostoxx futures are pointing to a 0.2% lift on the open as we head into what will be a quiet session.
The ASX200 sold off immediately on the open on the back of a selloff in bank stocks, down 1% at lunchtime but coming back to only lose 0.6% by the end of the session. One of the biggest losers was Westpac (WBC), down 3% to just above $30 per share which is critical support here as it continues its sideways bear market:
