Overseas Trading: China Bucks Asia Slump; Germany OKs Greek Bailout

Germany's parliament gave the green light to a bailout package for Greece

by Alex Eppstein

Published on Aug 19, 2015 at 8:22 AM

Asian markets settled mostly lower, amid ongoing concerns about the yuan and the Chinese economy, following the prior session's sell-off. A downbeat day on Wall Street provided another catalyst lower. By the close, Japan's Nikkei fell 1.6%, despite better-than-expected export figures, while South Korea's Kospi gave back 0.9% on a sharp decline in producer prices, and Hong Kong's Hang Seng surrendered 1.3%. China's Shanghai Composite was the lone exception, reversing from a 5% intraday loss to finish 1.2% higher, as traders went bargain-hunting.

Stocks in Europe are getting drilled, after Germany's parliament ratified a third Greek bailout package. Meanwhile, traders are setting their sights stateside, in anticipation of the latest Fed minutes, due out this afternoon. At last check, London's FTSE 100 is off 1%, France's CAC 40 has dropped 0.7%, and Germany's DAX is down 1.2%.

150819overseas


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