Overseas Trading: South Korea Bucks Global Downtrend

Most global markets traded lower, with airlines and energy stocks among the top laggards

Nov 23, 2015 at 8:13 AM
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It was a mixed finish in Asia today. Industrial stocks were a pocket of strength in Shanghai, bolstered by the government's freshly approved plans for a high-speed rail, but losses in airlines and energy names eventually dragged the mainland's market to a 0.5% loss. Hong Kong's Hang Seng followed suit, ending the session off 0.4%. Meanwhile, South Korea's Kospi overcame weakness in exporters to rise 0.7%, while traders in Japan observed the Labor Thanksgiving holiday.

European markets are in the red at midday, pressured by weakness in commodity stocks. Uncertainty continues to reign in the wake of the recent terror attacks in Paris, with the Belgian capital on its third day of lockdown, and U.K.'s Prime Minister David Cameron requesting parliamentary approval to join France in launching airstrikes on Syria. At last check, the French CAC 40 is down 0.7%, London's FTSE 100 is 0.4% lower, and the German DAX has dipped 0.3%.

Overseas markets 1123-2

 

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