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

Oct 27, 2015 at 8:32 AM
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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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