Overseas Trading: China Stocks Tank Amid Investigation

An investigation into potential trading rule violations sent Chinese brokerage stocks sinking

Nov 27, 2015 at 8:09 AM
facebook twitter linkedin


Asian exchanges closed lower today, as an investigation into potential trading rule violations hit Chinese brokerage firms, with Citic Securities just one of the names to receive a formal notice from the China Securities Regulatory Commission. Meanwhile, Chinese industrial profits fell 4.6% year-over-year, and the International Air Transport Association hinted at slowing growth in China, resulting in another down day for airlines. By the close, the Shanghai Composite fell 5.5%, while Hong Kong's Hang Seng dropped 1.9%. Japan's Nikkei dipped 0.3%, as consumer prices and household spending both declined, while South Korea's Kospi ended a wishy-washy day down 0.1%.

European markets are mostly higher at midday, shaking off a Chinese sympathy swoon. While mining stocks continue to struggle, the German DAX and France's CAC 40 are modestly higher, at last check, while London's FTSE 100 is down 0.3%.


151127OS

 

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!

Schaeffer's Investment Research Stock Pick Report
 


 


 
Special Offers from Schaeffer's Trading Partners