Overseas Trading: Hong Kong Leads Asia Lower; Europe Slips on IEA Warning

The disappearance of a high-profile investor weighed on stocks in China and Hong Kong, while fresh losses for oil are hitting Europe

Dec 11, 2015 at 8:26 AM

It was another generally bearish session in Asia today, with a 1.1% drop for Hong Kong's Hang Seng pacing the decline. Traders were rattled by news of the disappearance of billionaire Fosun Group co-founder Guo Guangchang, with local media reporting that the executive was spotted being taken away by police at the Shanghai airport. China's Shanghai Composite settled 0.6% lower, while South Korea's Kospi slipped 0.2%. Elsewhere, Japan's Nikkei bucked the regional slump, gaining nearly 1% on strength in exporters.

Oil's ongoing slump continues to take its toll on European stocks, with Brent crude futures down 1.4% at last look. Sentiment has been further rattled today by an International Energy Agency (IEA) warning that persistent oversupply will dent global oil demand into 2016. At midday, the German DAX has shed nearly 2%, the French CAC 40 is off 1.5%, and London's FTSE 100 is 1.3% lower.

Overseas markets 1211

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.