Overseas Trading: Global Markets Bounce With Oil; G-20 in Focus

Stock markets around the world are higher as financial leaders meet in Shanghai

by Josh Selway

Published on Feb 26, 2016 at 8:44 AM

As the Group of 20 (G-20) leaders began their meetings in Shanghai, Asian stocks enjoyed modest gains. China was able to recover slightly following Thursday's beatdown, with the Shanghai Composite closing 1% higher. Hong Kong's Hang Seng followed suit with a 2.5% advance, led by energy stocks. Japan's Nikkei was able to close higher, adding 0.3%, though electronics giant Sharp continued to sell off amid its M&A uncertainty with Foxconn. South Korea's Kospi, meanwhile, ended with a 0.1% lead. 

Things are even sunnier in Europe, where stocks are surging at midday. Rising crude oil prices have lifted sentiment, as traders await any news out of the G-20 Summit. Royal Bank of Scotland (RBS), however, is sliding after reporting yet another annual loss. At last glance, France's CAC 40 was leading the charge higher with a 1.5% lead, and Germany's DAX was close behind, gaining 1.4%. Rounding things out is London's FTSE 100, up 1.1%. 

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