Overseas Trading: China Bucks Asian Sell-Off; Europe Edges Higher

Bears were in the driver's seat in Asia today, while European stocks have managed modest gains

by Elizabeth Harrow

Published on Nov 30, 2015 at 8:28 AM
Updated on Nov 30, 2015 at 8:28 AM

Stocks in Asia settled mostly lower today, with traders in Seoul and Tokyo responding to uninspiring industrial production data. However, China's Shanghai Composite bounced back from Friday's rout to add 0.3%, led by strength in banks ahead of the International Monetary Fund's (IMF) expected inclusion of the yuan in its Special Drawing Rights (SDR) currency basket. Elsewhere, South Korea's Kospi fell 1.8%, Japan's Nikkei gave up 0.7%, and Hong Kong's Hang Seng slipped 0.3%.

European markets have elbowed higher at midday, despite ongoing weakness in mining stocks amid tumbling iron ore prices. Traders are looking ahead to Thursday's European Central Bank (ECB) meeting, which will be preceded by eurozone inflation data on Wednesday. At last check, the German DAX is up about 1%, the French CAC 40 has advanced 0.8%, and London's FTSE 100 is 0.1% higher.


Overseas markets 1130


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


Legendary Stock-Picker Calls Top Stock of 2020
Matt McCall's picks were met with disbelief... Until five soared over 1,000%. Get his latest 2020 pick.
Patent Lawsuit Loss Sends AMRN Stock Spiraling
Amarin just lost a major U.S. patent lawsuit for its heart drug Vascepa
RH Stock Sinks Despite Earnings Beat
J.P. Morgan Securities and Cowen and Company cut their price targets
The Latest Investor's Guide to Precious Metals
Learn how to protect savings and maximize returns by investing in precious metals.