Overseas Trading: China Stocks Surge on Fresh Stimulus Hopes

Stocks in China gained big today on expectations for additional stimulus measures from the People's Bank of China (PBOC)

Oct 12, 2015 at 8:22 AM

China led the rally in Asia today, driven by upbeat comments from a high-ranking People's Bank of China (PBOC) official. Deputy Governor Yi Gang was quoted by state media saying the stock market's correction was "almost over" -- and the PBOC's newly announced expansion of its bank lending plan raised hopes for additional stimulus as the government convenes to hash out its newest five-year plan. By the close, China's Shanghai Composite surged 3.3%, Hong Kong's Hang Seng jumped 1.2%, and South Korea's Kospi edged up 0.1%. Markets in Japan are closed for holiday.

On the other hand, European stocks are on shaky ground at midday, with investors playing it safe on the heels of last week's rally. However, positive stress test results for a pair of German energy majors has pushed Frankfurt's main bourse north of breakeven. At last check, the German DAX is up 0.2%, France's CAC 40 is off 0.5%, and London's FTSE 100 is 0.6% lower.

Overseas markets 1012

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.