China’s stock market opened today after the Chinese New Year holidays. The Shanghai Composite Index fell almost 8%, one of the worst one-day performances on record. We should take into account, however, that China stock market futures and ETFs, which continued to trade throughout the holiday season, already suggested equities would drop by roughly 8%. In addition, China’s central bank is providing ample liquidity to financial markets to limit the impact of the outbreak of the coronavirus and the measures that have been taken to contain it.
![SSE Composite Index Chart SSE Composite Index Chart](https://d51-invdn-com.akamaized.net/content/pic94023dd7deb083cf91607b0a32bd598b.jpg)