By Chris Becker
Markets ran for safe havens overnight in the wake of an awful terrorist attack in Spain and the realisation that yes, the US president is nuts and he’s not going anywhere or will get anything substantive done by a now impotent Republican Congress. And this is before Mueller’s investigation really gets anywhere…US stocks sold off sharply with the NASDAQ off nearly 2% as bonds, Yen and gold were bought hand over fist. Its not going to be a pretty day here in Asia.
Yesterday in mainland China the Shanghai Composite rallied into the close, up 0.6% to 3268 keeping temporary support at bay above the 3200 point level. This is another predictable move up to obvious resistance at 3300 where its likely to stall once more:
