Australian Shares

Its risk on across Asia as stock markets gather pace with big moves higher across the board, as undollar assets and safe havens are sold off.

By Chris Becker  Risk sentiment is improving everywhere with European and US stocks lifting strongly overnight, helped along by a very firm services ISM release in the US that smacked down all undollar assets.

Another sea of green across Asian stock market boards today, although Chinese stocks were much higher earlier in the session.

By Chris Becker  European and US stocks took the positive Asian lead overnight with broad gains as the Chinese central bank pumped liquidity into the system to stave off the near 10% falls in Chinese stocks in the wake of the coronavirus.

A much better day for share markets here in Asia with a minor rebound following yesterday’s big selloff across the region.

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.