Chinese stocks crash as Wuhan coronavirus fears rampage through markets
. The biggest fallers included consumer, transportation, and financial stocks such as Tsingtao Brewery, China Eastern Airlines, and Citic Securities.
"The situation in China looks pretty dire," Neil Wilson, chief market analyst for Markets.com, said in a morning note."This has the hallmarks of a black swan event in the making – we simply don't know yet what the impact will be." The People's Bank of China plowed the equivalent of $171 billion dollars into the nation's financial system, the Financial Times said. The central bank also trimmed lenders' borrowing costs in an effort to temper the selloff., killed 360, and spread to more than two dozen countries including the US, UK, India, and Russia.Shanghai Composite
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