Overview
The spread of the coronavirus and the lockdown in the epicenter in China has again sapped the risk-taking appetite in the capital markets. Asia is bearing the brunt of the adjustment. Tomorrow starts China's week-long Lunar New Year celebration when markets will be closed, which may have also spurred today's drama that saw the Shanghai Composite tumbled 2.75%, bringing the week's loss to 3.2%, the most in five months. India was among the few markets in the region that managed to post small gains today. Europe equities are lower for the fourth day, but