Overseas Trading: Yuan Fears, Bangkok Bombing Rattle Stocks

Chinese stocks dropped over 6% on yuan fears, while a deadly pipe bomb explosion in Thailand is capturing global attention

by Alex Eppstein

Published on Aug 18, 2015 at 8:19 AM

Asian stocks got decimated, as ongoing yuan fears and a deadly pipe bomb attack at Bangkok's Erawan Shrine rattled the region. Worst off by far was China's Shanghai Composite, which plunged 6.2% as the mainland currency fell against the dollar -- overshadowing a third straight monthly rise in home prices. Japan's Nikkei slipped 0.3%, as a strong showing from bank stocks limited losses. Meanwhile, Hong Kong's Hang Seng surrendered 1.4% to move into negative year-to-date territory, while South Korea's Kospi  gave up 0.6%.

European bourses are tracking their Asian peers lower, as traders brace for tomorrow's German parliament vote on a third Greek bailout. At last check, London's FTSE 100 is off 0.4%, after data showed consumer price inflation holding close to zero last month. Meanwhile, Germany's DAX and France's CAC 40 are both down 0.2%.

150818overseas


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


Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Google Postpones Android Reveal, "Now is Not the Time to Celebrate"
"Now is not the time to celebrate," Google said in a message on its website
ZNGA Zooms to 8-Year High on Billion-Dollar Deal
ZNGA is planning to buy Peak for $1.8 billion
Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....