Overseas Trading: Stimulus Hopes Boost Asian Stocks

China's Communist Party issued stern warnings against short sellers and speculators in a show of support for the stock market

by Alex Eppstein

Published on Jan 25, 2016 at 8:27 AM
Updated on Jun 24, 2020 at 10:16 AM

Stocks in Asia maintained their positive momentum from last Friday, amid rising expectations of additional stimulus measures -- perhaps as early as this Friday, when the Bank of Japan is set to issue a decision on monetary policy -- and an overnight bounce in crude futures. Specifically, Tokyo's Nikkei muscled 0.9% higher, boosted by huge gains at Japan Tobacco. South Korea's Kospi and Hong Kong's Hang Seng added 0.7% and 1.4%, respectively. Rounding things out, China's Shanghai Composite popped 0.8%, as a pair of government-controlled publications warned speculators and short sellers that they will "suffer huge losses" and "possibly severe legal consequences."

European markets are mixed at midday following a reversal in oil prices. Germany's DAX was last seen up 0.01%, boosted by an upwardly revised profit forecast for tech titan Wincor Nixdorf. Elsewhere, London's FTSE 100 is 0.07% higher and the French CAC 40 is off 0.06%.


160125overseas

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.


A Schaeffer's 39th Anniversary Exclusive!

8 Top Stock Picks for 2020

Access your FREE insider report before it's too late!


  
 
 

Partnercenter