Overseas Trading: Shanghai Composite Ends August Sharply Lower

The Shanghai Composite ended lower on reports indicating China's government has ended its share-purchasing program

Josh Selway

Aug 31, 2015 at 8:31 AM

Stocks in Asia were mixed today, after a Financial Times report suggested China's government will no longer attempt to support the stock market via large share purchases. Instead, regulators will shift their focus to cracking down on those they feel are responsible for "destabilizing" markets. As a result, the Shanghai Composite dipped 0.8%, putting the index more than 12% lower for the month.

Japan's Nikkei had an even worse day, with the index shedding 1.3% amid weak industrial production data and a strengthening yen. Meanwhile, Hong Kong's Hang Seng and South Korea's Kospi notched gains of 0.3% and 0.2%, respectively, with Seoul's benchmark index lifted by a surge in automakers.

European bourses are mostly lower at midday, pressured by fresh concerns over China after Goldman Sachs slashed its annual mainland growth forecasts through 2018. Oil stocks are also dragging indexes lower, as crude reverses course after Friday's gains. At last check, Germany's DAX and France's CAC 40 are each 0.6% lower. Markets in London are closed for holiday.

150831Overseas22

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.