BRAKING!! China Shanghai Share market CARSHING!! Strong smell of A1 from Shanghai!

Shanghai (AFP) – Chinese stocks crashed on Monday with some major shares quickly falling by the maximum daily limit as the country’s investors got their first chance in more than a week to react to the spiralling coronavirus outbreak.

The benchmark Shanghai Composite Index dived 8.73 percent, or 259.83 points, to open at 2,716.70.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, sank 8.99 percent, or 158.02 points, to 1,598.80.

The scale of the plunge was remarkable even by the standards of China’s notoriously volatile share markets, indicating deep concern over the viral outbreak’s economic impact.

The yuan also weakened by nearly 1.5 percent to around 7.00 to the dollar.

But in Hong Kong, the benchmark Hang Seng Index edged up 0.17 percent, or 43.59 points, to 26,356.22 in the first few minutes.

Markets in the world’s second-biggest economy had closed on January 24 for the annual Lunar New Year holiday, but since then the viral epidemic that started in Wuhan has spread around the world.

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they'll probly shut it down tomorrow

will it spread to other countries?