Chinese markets opened collapse of quotations

Moscow, February 3 – “News.Economy” on the first trading day after the holidays over the lunar New year, the key indices fell more than 8 percent.

Fears about the spread of the coronavirus hammer hit the trading floors of China. The opening of the first after the Christmas holidays trading, the key indices losing more than 8%.

the Shanghai Composite loses 8,13%, the Shenzhen composite is 8.30%. Day trading the indexes of the major Chinese sites started with a fall of 9 percent.

Before the people’s Bank of China announced that it will bring to the markets liquidity in the amount of 1.2 trillion yuan (about us $173 billion) through reverse REPO open market. The Chinese regulator said that overall liquidity in the system will be 900 billion yuan (about $130 billion) more than in the same period last year.

∎Although it is the largest one-day completion in 2004, it implies easy clean infusion of 150 billion yuan, as commercial banks plan on Monday to pay 1.05 trillion yuan∎ – noted strategists at Singapore’s DBS Group Research, -∎Authorities may need to bring in more cash in the rest of the week through the mechanism of reverse REPO and/or medium-term lending to calm markets∎.

as for other Asian sites, Hong Kong’s Hang Seng at the beginning of trading fell by 0.47% in less gone 44 of the 50 key ∎blue chip∎. In total since last Wednesday when the market opened after the Christmas holidays, stock market indicator has lost 6%, which exceeded analysts ‘ forecasts.

In Japan, the Nikkei 225 index fell by 1.03%. Topix index minus 0.7%. South Korea’s Kospi fell 0.18%. Negative dynamics is shown and quotes in Australia: the S&P/ASX 200 fell 1.13%. Overall, the MSCI Asia ex-Japan decreased by 0.59%. TechSt: To.Economy