Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 percent, and would have been lower if not for holidays in many centres. “Sentiment towards risk assets remained extremely bearish and price action reflected a market that may be capitulating,” said Jo Masters, a senior economist at ANZ.