The Hong Kong market fell 2.7% last night.
Shanghai was closed, but this picture from Shanghai, via Reuters, says it all.
Here’s Reuters’ picture description:
A woman wears a face mask inside a subway station in Shanghai, April 5, 2013. Chinese authorities were slaughtering birds at a poultry market in the financial hub Shanghai as the death toll from a new strain of bird flu mounted to six on Friday, spreading concern overseas and sparking a sell-off on Hong Kong’s share market. State news agency Xinhua said the Huhuai market for live birds in Shanghai had been shut down and birds were being culled after authorities detected the H7N9 virus from samples of pigeons in the market. All of the 14 reported infections from the H7N9 bird flu strain have been in eastern China and at least four of the dead are in Shanghai, a city of 23 million people and the showpiece of China’s vibrant economy.