Overseas Trading: Europe Stocks Sink as Turkey Downs Russian Jet

Mining stocks dragged Hong Kong lower, while Europe is rattled by fresh tensions along Syria's border with Turkey

Nov 24, 2015 at 8:20 AM
facebook twitter linkedin


Stocks in Asia settled mostly higher today, though persistent weakness in the mining sector dragged Hong Kong's Hang Seng to a 0.4% loss. Meanwhile, gains were capped to a modest 0.2% for the Shanghai Composite, as investors brace for an influx of up to 28 initial public offerings (IPOs) set to hit the market before the end of the year. Japan's Nikkei endured a volatile session as traders returned from a long weekend, bouncing back from early losses to add 0.2% on strength in automakers and electronics giant Sharp. South Korea's Kospi extended its outperformance to a second session, rising 0.6% amid news of a tie-up between SK Holdings and OCI Materials.

European markets are firmly lower at midday, with airlines and other travel stocks tumbling after a Russian warplane was shot down by a Turkish fighter jet near the Syrian border. This news, along with a Nomura downgrade of the luxury goods sector, is overshadowing an unexpected uptick in the German Ifo business climate index, which improved this month to its highest level since June 2014. At last check, the French CAC 40 is down 1.8%, the German DAX is off 1.5%, and London's FTSE 100 has shed 1.1%.

Overseas markets 1124

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners