Australian Shares

By Chris Becker  Wall Street moderated its falls from Friday night as the latest ISM manufacturing print surprised to the upside, with bond yields lifting.

A bath of share price blood here in Asia today with a big selloff across the region following Wall Street’s falls on Friday.

Via Damien Boey at Credit Suisse: Most of the headlines are still about the coronavirus, and its potentially severe impact on economic growth.

By Chris Becker  Volatility is spiking again with Wall Street selling off sharply on Friday night and casting a dour start to trading here in Asia this week as Chinese traders return to their desks.

By Chris Becker  Wall Street staged a last minute rally to stave off the wide falls on European markets as the 4Q GDP print came in strong but also just as the WHO marked a global emergency for the Chinese coronavirus.

Asian stocks have moved steadfastly into sell mode because of a lack of confidence on Wall Street overnight as economic fears surrounding the Chinese coronavirus continue to spread.

By Chris Becker  Nothing major happened overnight – apart from the UK leaving the EU and the latest Federal Reserve meeting.

Asian stocks were mixed despite a rebound on Wall Street overnight as economic fears surrounding the Chinese coronavirus have not eased, despite some better than expected US numbers.

Via LiveWire comes Chris Joye: In huge news today, IFA reports that the Financial Planning Association of Australia has “sought the removal of the current stamping fee exemption in relation to listed investment entities due to its inherent conflicts of interest for advisers”.

Via the excellent Damien Boey at Credit Suisse: A belated happy new year!

By Chris Becker  Hope returned to stock markets overnight as US economic data beat expectations.

Asia stocks continue to drop as economic fears surrounding the Chinese coronavirus continue to mount alongside the growing number of official cases.

The AUD has been stable through the morning, pancaked: Bonds are on fire.

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.

Asia is having a mixed to positive day to finish the trading week with concerns over the coronavirus contagion subdued, leading to tight ranges on forex and stock markets.

Via Sinocism: The latest figures from the virus outbreak are 653 confirmed cases and 18 deaths 武汉新型肺炎疫情动态.

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.

Fear is starting to spread among the bubblish risk markets across Asia with the Chinese virus contagion sending stocks sharply lower ahead of the Lunar New Year holiday.

By Chris Becker  European markets fell overnight as Wall Street barely eked out a scratch session, while the bond market and USD went nowhere in a hesitant fashion across the risk complex.

It’s increasingly likely that China is going to have to rerun its draconian SARS episode to stop the new coronavirus.

Markets in Asia have rebounded having absorbed the Chinese virus fears with a sea of green across stocks and European/US futures looking bullish.

By Chris Becker  Risk markets are getting nervous about the Chinese virus outbreak which sent Wall Street lower overnight while gnashing of teeth in Davos at the World Economic Forum did nothing to persuade further selloffs.

Markets took a sudden dive on risk today here in Asia on the back of the Chinese virus news with Yen safe haven buying exarcebating the fear.

By Chris Becker  A public holiday on Wall Street was enough to take the wind out of the bubble blowers overnight with European markets putting in mild scratch session, while bond markets drifted around.