Overseas Trading: China Stocks Jump on Stimulus Hopes

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

Aug 10, 2015 at 8:18 AM
facebook X logo linkedin


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

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI