Overseas Trading: Energy Stocks Slide as Oil Extends Losses

Resource stocks are among the top decliners around the globe today, pressured by ongoing losses for crude

by Elizabeth Harrow

Published on Oct 27, 2015 at 8:32 AM
Updated on Jun 24, 2020 at 10:16 AM

It was a mixed finish in Asia today, with energy stocks among the top laggards as crude oil extended its slide. Traders also cast a wary eye on a continued downturn in Chinese industrial profits, though September's 0.1% pullback was far milder than August's 8.3% plunge. By the close, China's Shanghai Composite and Hong Kong's Hang Seng added just over 0.1% each, while South Korea's Kospi shed 0.2% and Japan's Nikkei fell 0.9%.

European stocks are on negative ground, with oil and mining names pacing the decline. Also weighing on sentiment is the U.K.'s preliminary third-quarter gross domestic product (GDP), with the 2.3% annual expansion falling short of economists' expectations. At last check, France's CAC 40 has shed 0.5%, while the German DAX and London's FTSE 100 are both 0.3% lower.

Overseas markets 1027


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