Overseas Trading: China Falls Again; Greek Vote on Tap

The Shanghai Composite suffered a big drop once again, while traders await the outcome of the Greek parliament vote

by Josh Selway

Published on Jul 15, 2015 at 8:08 AM

Asian bourses were a mixed bag today. China's Shanghai Composite fell for a second straight session, dropping 3% on news the country posted a better-than-anticipated gross domestic product (GDP) for the second quarter. Following the mainland's lead, Hong Kong's Hang Seng gave back 0.3%. Elsewhere, however, stocks managed modest gains. South Korea's Kospi picked up 0.7% amid strength in construction names, while Japan's Nikkei rose 0.4% as the Bank of Japan voted to stand pat on monetary policy.

In Europe, markets have edged higher ahead of the Greek parliament vote, with lawmakers weighing in on a slate of budget cuts and spending reforms necessary to secure bailout funds. In a Tuesday speech, Greek Prime Minister Alexis Tsipras spoke out in favor of the deal with eurozone lenders. At last check, London's FTSE 100 had added 0.3%, while France's CAC 40 and Germany's DAX had added 0.2% each. 

150715overseas


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
Billion-Dollar AT&T Loan Boosts Stock
T announced at $5.5 billion term-loan agreement today
SHOP Stock Fails to Shake Off Downgrade
Raymond James downgraded Shopify to "market perform" from "outperform"
The Top Lithium Play of 2020
Click to continue to advertiser's site.