Overseas Trading: European Stocks Whipped by Fed, 'Fat Finger' Trade

Stocks in China dodged the post-Fed bullet, while London traders are buzzing about a 'fat finger' trade

by Alex Eppstein

Published on Sep 18, 2015 at 8:28 AM
Updated on Jun 24, 2020 at 10:16 AM

Stocks in Asia mostly advanced following the Fed's decision not to raise interest rates. China's Shanghai Composite rose 0.4% amid upbeat home price data, Hong Kong's Hang Seng tacked on 0.3%, and South Korea's Kospi soared 1%. However, Japan's Nikkei tanked 2% on a stronger yen, ahead of a four-day holiday weekend.

European markets are taking it on the chin, as traders wax pessimistic about the global economy and Fed Chair Janet Yellen's post-decision remarks -- which were more dovish than expected. In addition, London's FTSE 100 briefly dropped 2% intraday, amid talk of a "fat finger" error, but has pared its losses to 1.1% at midday. Meanwhile, the French CAC 40 has lost 2.3%, and the German DAX leads the laggards, dropping 2.8%.

150918overseas


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