Q2 STOCKS TO BUY

Overseas Trading: China Spirals Lower on Weak Manufacturing Data

Chinese stocks got drilled by weak manufacturing data, while traders in Europe are jittery over Greece's looming snap election

Aug 21, 2015 at 8:24 AM
facebook X logo linkedin


Stocks in Asia got battered once again, following the lead of U.S. markets. China's Shanghai Composite plummeted 4.3%, with losses exacerbated by a drop in the final Caixin/Markit purchasing managers manufacturing index (PMI) -- which hit a new six-year low. Elsewhere, Hong Kong's Hang Seng dropped 1.5% to flirt with annual lows, and Japan's Nikkei plunged 3% on a stronger yen, taking out the 20,000 millennium level. Lastly, South Korea's Kospi continued to reel amid heightening tensions with North Korea, closing 2% lower.

European equities are struggling at midday, with traders nervous about China's continued slide and an upcoming snap election in Greece -- which has effectively overshadowed solid eurozone PMI data. The German DAX was last seen 1% lower, following a third straight monthly fall in consumer confidence. London's FTSE 100 and the French CAC 40 are down 1.1% and 1%, respectively.


150821overseas

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter