Overseas Trading: China Stocks Jump on Stimulus Hopes

China's Shanghai Composite jumped, as dreary economic data stoked optimism over additional stimulus measures

by Karee Venema

Published on Aug 10, 2015 at 8:18 AM

China's Shanghai Composite stole the show in Asia today, with the benchmark rallying 4.9% -- its biggest single-session pop in more than a month, and its second straight day of lofty gains -- after dreary data on exports and producer prices ramped up hope for additional stimulus measures. In addition to fresh rate-cut speculation, reports are circulating the government could restructure state-owned enterprises. Elsewhere, Japan's Nikkei tacked on 0.4%, thanks to a cooling yen. Not all of the day's action was bullish, though, with South Korea's Kospi shedding 0.4%, and Hong Kong's Hang Seng losing 0.1%.

European markets are mostly higher at midday, as traders weigh China's uninspiring economic data against reports that a multi-billion-dollar bailout agreement for Greece could be reached by Tuesday morning. At last check, the German DAX and the French CAC 40 were flirting with 0.4% gains. London's FTSE 100, however, is down 0.8%, pressured by weakness in mining stocks.

150810overseas


A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report 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 Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.
Wall Street Reclaims Two Key Trendlines This Week
U.S.-China tensions and dire economic data still weigh, though
Dell Stock Jumps on Upbeat First Quarter
DELL announced an upbeat first-quarter report
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.