Overseas Trading: Exporters, Miners Lead Global Rout

Japan's Nikkei fell for its fifth session out of the last six

Feb 9, 2016 at 8:35 AM
facebook X logo linkedin

While most Asian markets remained closed for the Lunar New Year, Japan's Nikkei once again tumbled on the heels of a brutal day on Wall Street. Specifically, the Tokyo-based index fell 5.4%, as a stronger yen took a toll on automakers and other exporters. It was another bad day for banking stocks, too, with concerns persisting that the Bank of Japan's negative interest rate policy could negatively impact profitability. All in all, it was the Nikkei's fifth loss in the past six sessions.

Worries about global economic growth are weighing on European stocks, with the basic resources sector especially hard-hit after Goldman Sachs on Monday cut its price forecast for several metals. In Germany, the DAX is down 1.5% after the nation's industrial output unexpectedly slid 1.2% -- its worst decline since August 2014 -- while exports and imports also fell. Elsewhere, France's CAC 40 has plunged 2.6% and London's FTSE 100 is off 1.1%.


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.


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI