Overseas Trading: Japan Slips Again; Beijing Boosts Mining Stocks

Beijing's new economic plan for 2016 is expected to be a positive for struggling mining stocks

Dec 22, 2015 at 8:21 AM
facebook twitter linkedin


Most Asian markets closed higher today, though Japan ended in the red once again. Traders in Tokyo continue to keep a wary eye on the Bank of Japan, which disappointed some investors with a recent expansion to its stimulus program -- and tech giant Toshiba suffered heavy losses after warning of a steep net loss for the fiscal year ending in March. By the close, Japan's Nikkei fell 0.2%, Hong Kong's Hang Seng added 0.2%, China's Shanghai Composite climbed 0.3%, and South Korea's Kospi gained 0.6%.

Stocks in Europe are mixed at midday. Mining names are comfortably higher, boosted by a new economic plan out of Beijing that pledges to address industrial overcapacity; meanwhile, heavyweights Carrefour SA and Airbus Group have both turned lower in France following some M&A developments. At last check, the French CAC 40 is off 0.3%, Germany's DAX is down 0.02%, and London's FTSE 100 has added 0.6%.


Overseas markets 1222

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners