Overseas Trading: More Volatility in China, Despite New Interventions

Chinese stocks continued to sag, despite the commitment of brokerages to buy shares

by Alex Eppstein

Published on Sep 2, 2015 at 8:33 AM

Stocks in Asia settled mostly lower, just a day after getting hammered on a pair of disappointing manufacturing reports. Hong Kong's Hang Seng dropped 1.2%, while China's Shanghai Composite gave up 0.2% in another characteristically volatile session. Earlier, the mainland's benchmark index was down nearly 5%, as traders were unimpressed by reports of fresh equity-buying efforts from China-based brokerages. Meanwhile, Japan's Nikkei slipped 0.4%, and South Korea's Kospi ended 0.05% higher on automaker strength.

European bourses are sticking pretty close to breakeven at midday, amid ongoing worries about the Chinese economy and a potential interest-rate hike in the U.S. At last check, London's FTSE 100 is up 0.03%, while the French CAC 40 and German DAX have both added 0.2%, ahead of tomorrow's regularly scheduled European Central Bank (ECB) policy meeting.

150902overseas


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements 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


The Top Lithium Play of 2020
Click to continue to advertiser's site.
First Week in April Provides More Coronavirus-Related Volatility
A slew of coronavirus-related news sent markets on another weekly roller coaster ride
Netflix Stock Heading into Historically Bullish Quarter
NFLX's 10-day moving average has stepped up as support lately
The Top Lithium Play of 2020
Click to continue to advertiser's site.