Overseas Trading: Shanghai Composite Rallies as Regulators Crack Down on Selling

The Shanghai Composite experienced a sudden turnaround Thursday

Josh Selway

Jul 9, 2015 at 8:11 AM

Maintaining the recently volatile trend, Asian markets were able to close higher today, led by a huge turnaround in China. The Shanghai Composite surged 5.8%, as regulators set forth additional measures to curb selling among big shareholders. Also benefiting was Hong Kong's Hang Seng, adding 3.7%. However, trading on more than half of Chinese stocks remains halted. Elsewhere, Japan's Nikkei and South Korea's Kospi each managed 0.6% leads.

Markets are looking strong in Europe at midday, as well. Ahead of Sunday's European Union meeting, expectations are for Greece to submit a complete financial reform proposal by day's end. The country has already submitted a new three-year loan request to the European Stability Mechanism. Against this backdrop, France's CAC 40 has picked up 2.2%, with Germany's DAX adding 2.1%. London's FTSE 100 rounds things out with a 1.2% lead.

150709Overseas

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!