BUY, SELL, HOLD (2)

Overseas Trading: Global Stocks Mixed as ECB Stands Pat on Rates

China stocks recovered from Wednesday's slump, while South Korea's market dropped on high-profile earnings misses

Oct 22, 2015 at 8:15 AM
facebook X logo linkedin


It was a mixed finish in Asia today. Chinese stocks bounced back -- and small-caps continued to drive the action, drawing a fresh batch of buyers following the previous session's steep losses. Meanwhile, Seoul-listed securities were hammered by poorly received earnings from Hyundai Motors and Samsung Engineering, while caution prevailed elsewhere in the region ahead of today's European Central Bank (ECB) meeting. By the close, China's Shanghai Composite added 1.5% and South Korea's Kospi fell nearly 1%, while Japan's Nikkei and Hong Kong's Hang Seng each gave up 0.6%.

Major European indexes haven't strayed too far from breakeven at midday, after the ECB left its key lending rates unchanged at their current record lows. Attention will now turn to this afternoon's press conference with ECB President Mario Draghi, where the technocrat is expected to indicate the door remains open for additional easing measures, if needed. At last check, the German DAX is up 0.2%, the French CAC 40 has edged 0.1% higher, and London's FTSE 100 is off 0.1%.

Overseas markets 1022

 

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.