Overseas Trading: China, Germany Pace Global Stock Market Slide

Analysts at HSBC lowered their year-end forecasts for stocks in China and Hong Kong

Josh Selway

Feb 23, 2016 at 8:43 AM

Despite a strong start to the day, Asian stocks gave back some of their oil-inspired gains from Monday. China's Shanghai Composite suffered a 0.8% setback, while Hong Kong's Hang Seng closed 0.3% lower, after financial giant HSBC slashed its year-end forecasts for stocks in both regions. In Japan, the Nikkei dropped 0.4% in the face of a resilient yen, while South Korea's Kospi edged 0.1% lower.

European markets have followed Asian stocks into the red. Leading the losers are banking heavyweight Standard Chartered and mining giant BHP Billiton, which both reported lackluster earnings. German stocks were also hit by a weak reading on business sentiment, pushing the DAX 0.8% lower. Elsewhere, London's FTSE 100 ended 0.6% in the red, and France's CAC 40 shed 0.5%

160223Overseas

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.

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.