Overseas Trading: Asian Stocks Mixed on Weak Chinese Trade Data

China stocks rallied as bleak trade data sparked speculation over additional stimulus

Nov 9, 2015 at 8:29 AM
facebook X logo linkedin


It was a mixed finish in Asia today, as traders across the region reacted to another round of disappointing import and export data out of China. The news triggered losses for trade partners like South Korea, even as mainland stocks surged on expectations for additional stimulus. Traders in China also cheered reports that equity regulators are set to allow initial public offerings (IPOs) once again, ending a roughly three-month dry spell of new listings, thanks to the market's recent gains and a renewed risk appetite among investors. Meanwhile, in Tokyo, the yen's downturn against the dollar brought buyers to the table. By the close, Japan's Nikkei gained nearly 2%, China's Shanghai Composite added 1.6%, Hong Kong's Hang Seng slipped 0.6%, and South Korea's Kospi gave up 0.8%.

European markets are modestly lower at midday, with automakers among the top laggards. Germany's Continental is down nearly 6% in Frankfurt after missing analysts' quarterly sales estimates, while Renault is off 2.3% in Paris after French Prime Minister Manuel Valls voiced his opposition to a merger with Nissan. At last check, the French CAC 40 is down 0.6%, Germany's DAX has dropped 0.3%, and London's FTSE 100 is 0.1% lower.

Overseas markets 1109

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI