Overseas Trading: Bank of Japan Sends Tokyo Stocks Reeling

Japanese stocks reversed from big gains to a heavy loss after the Bank of Japan expanded its stimulus efforts

Dec 18, 2015 at 8:24 AM
facebook twitter linkedin

Stocks in Asia ended lower across the board today, following suit with Wall Street's dismal Thursday finish. Tokyo-listed stocks finished a volatile session sharply lower, with the Nikkei tumbling 1.9% after the Bank of Japan decided to ramp up its ETF purchase plan. Elsewhere, continued weakness in energy stocks kept other major regional indexes under pressure, offsetting a well-received report on Chinese home prices. By the close, Hong Kong's Hang Seng gave up 0.5%, South Korea's Kospi lost 0.1%, and China's Shanghai Composite settled fractionally lower.

European markets are also trading in the red, even as the dollar's retreat against the Japanese yen sparks a rebound in copper and gold prices. Instead, traders are eyeing an ongoing dip in Brent crude futures, and steep sell-offs in the U.S. and Japan. At last look, the French CAC 40 is off 1.3%, the German DAX is down 1.2%, and London's FTSE 100 has dropped 0.6%.

Overseas markets 1218


Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!