AAL

Overseas Trading: Airlines Slump as Traders React to Paris Attacks

Travel and leisure stocks are slumping after Friday's terrorist attacks on Paris, while commodities rally

Nov 16, 2015 at 8:27 AM
facebook X logo linkedin


Asian markets finished mostly lower today, with airlines and travel stocks pacing the decline after Friday's coordinated terror attacks in Paris. Traders also eyed a gross domestic product (GDP) report showing Japan fell back into recession during the July-September period, with the economy contracting for a second consecutive quarter. However, China managed a positive finish, after capital markets on the mainland netted inflows during October for the first month in five. By the close, Hong Kong's Hang Seng fell 1.7%, South Korea's Kospi lost 1.5%, Japan's Nikkei shed 1%, and China's Shanghai Composite edged up 0.7%.

Many European markets have muscled onto positive ground at mid-session, led by strength in commodity stocks as traders flock to oil and gold. However, as in Asia, tourism-dependent sectors -- such as airlines and hoteliers -- are trading broadly lower as investors react to the Islamic State siege on Paris. At last check, London's FTSE 100 is up 0.3%, the German DAX has added 0.2%, and France's CAC 40 is off 0.3%.

Overseas markets 1116

 

Same-Day Trading Power: +227% YTD and Counting  — Get in for $10!

We're celebrating 44 years of helping traders win, and you can now tap into one of our most explosive services — Dynamite Day Trading Signals — for just $10.

This service was built for one thing: capturing intraday gains with precision. 

Access two highly-vetted options trades each week -  Complete with defined entries, exits, and a clear plan for same-day profits.

👉 Click Here to Learn More and Position Yourself to Take Action When the Next Alert Hits.