Overseas Trading: Stocks Falter on Chinese Trade Data

A steep drop in Chinese imports last month kept crude futures under pressure

by Elizabeth Harrow

Published on Oct 13, 2015 at 8:29 AM

Stocks in Tokyo slipped after a three-day weekend, with oil stocks pacing the decline amid a downturn in crude prices. Meanwhile, Shanghai-listed equities eked out a positive finish, despite a steeper-than-forecast 20.4% drop in imports last month. Concerns over weaker mainland demand were offset by strength in airlines, which capitalized on black gold's weakness, along with an auto rally following an upbeat 2015 sales forecast from the China Association of Automobile Manufacturers. By the close, Japan's Nikkei fell 1.1%, Hong Kong's Hang Seng gave up 0.6%, South Korea's Kospi lost 0.1%, and China's Shanghai Composite climbed 0.2%.

European markets are broadly lower at midday, pressured by China's uninspiring trade data. Closer to home, traders are also eyeing a sharp plunge in Germany's ZEW economic sentiment index, which tumbled to a weaker-than-expected 1.9 in October, as well as a negative reading on U.K. inflation. At last check, the French CAC 40 is down 1.5%, Germany's DAX is 1.3% lower, and London's FTSE 100 has shed nearly 1%.


Overseas markets 1013


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


Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
CE Stock Heading into Bullish Month
Celanese stock is coming off a free fall from its all-time-high in late 2019
HD Stock Sinks on Bear Notes, In-Store Changes
Home Depot stock received price target cuts after sharing in-store changes
Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.