Overseas Trading: Chinese Stocks Take Off; Greece Passes Reforms

The Greek parliament passed reform measures to inch closer to a bailout

Jul 23, 2015 at 8:09 AM

Asian markets ended higher, with China's Shanghai Composite posting its sixth consecutive daily gain. Specifically, the index jumped 2.4% amid optimism over the government's ongoing efforts to stabilize the market. Meanwhile, Japan's Nikkei added 0.4% on encouraging trade data, Hong Kong's Hang Seng tacked on 0.5% amid strength in casino stocks, and South Korea's Kospi inched just 0.02% higher following weaker-than-expected second-quarter growth data.

European bourses are mostly lower amid a raft of earnings, following the Greek parliament's passage of reforms necessary to secure bailout funds. At midday, Germany's DAX has lost 0.3%, the French CAC 40 is 0.04% lower, and London's FTSE 100 is flat.

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