By Chris Becker
Fear is the quick path to selling as the risk complex is increasingly worried about the Chinese virus, as extremely overextended stock markets unsurprisingly fall. European bourses fell nearly 3% overnight while Wall Street slid about half that as ASX futures indicating a near 2% drop on the open after the long weekend. The race to safe havens continues with Yen, gold and even Bitcoin surging while oil prices slump on the inevitable decrease in international traffic.
Looking at Asian share markets yesterday where Chinese stocks remain closed during the Lunar New Year holiday – which may be artificially extended by the virus crisis.