Overseas Trading: Asian Stocks Slip as China Battles Deflation

Disappointing Chinese inflation data triggered losses across Asia, with miners pacing the decline among European stocks

Nov 10, 2015 at 8:38 AM
facebook twitter linkedin


On the heels of yesterday's bleak trade data, global markets were hit with another round of disappointing economic news out of China. Wholesale and consumer inflation on the mainland both fell short of expectations last month, offering further confirmation of cooling demand. While most Asian markets ended lower on the day, continued weakness in the yen and a well-received round of corporate earnings helped Japan's Nikkei eke out a 0.2% gain, notching its fourth win in a row. Elsewhere, Hong Kong's Hang Seng and South Korea's Kospi fell 1.4% each, while China's Shanghai Composite backpedaled 0.2%.

Stocks in Europe are lower at midday, taking their cues from Asia's generally gloomy session and Wall Street's negative Monday finish. Mining stocks are among the top laggards, pressured by China's lackluster data and a Barclays downgrade to "neutral." At last check, the French CAC 40 and London's FTSE 100 have each given up 0.6%, while the German DAX is off 0.2%.

Overseas markets 1110

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

 


 


 
Special Offers from Schaeffer's Trading Partners