Overseas Trading: China, Germany Pace Global Stock Market Slide

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

Feb 23, 2016 at 8:43 AM
facebook twitter linkedin

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%


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.


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