By Chris Becker
The risk complex is getting increasingly concerned about the Chinese virus, but in reality anything could send the bubble popping, with stock markets in particular still extremely overextended. European bourses fell shortly after the rout here in Asia yesterday, while Wall Street held on and made only scratch sessions as safe haven buying in Treasuries, Yen and gold were the order of the day.
Looking at Asian share markets yesterday where Chinese stocks lead the selloffs, with the Shanghai Composite falling nearly 3% to close just below the long held 3000 point barrier. Meanwhile the Hang Seng Index was looking to put in a similar session before recovering only slightly to be down nearly 2% at 27909 points. This puts it well below trailing support and ready to breakdown further as all confidence is wiped out:
