Overseas Trading: Japan Stocks Stay Hot on Yen, Stimulus Chatter

Japanese stocks surged ahead of next week's BoJ meeting, amid reports of another central bank stimulus move

by Alex Eppstein

Published on Apr 22, 2016 at 8:43 AM
Updated on Apr 22, 2016 at 8:44 AM

It was a mixed end to the week for Asian stocks. Japan's Nikkei drove higher for the fourth time in five sessions, popping 1.2% on continued weakness in the yen -- ahead of next week's Bank of Japan (BoJ) meeting, with Bloomberg reporting the central bank could be poised to drop rates on bank loans into negative territory. Also finishing on the positive side of the ledger was China's Shanghai Composite, which added 0.2%, but still logged a 3.9% weekly decline. On the other hand, Hong Kong's Hang Seng and South Korea's Kospi ended lower, giving up a respective 0.7% and 0.3%.

European markets are lower, pressured by a stateside sell-off, a disappointing eurozone purchasing managers index (PMI) reading, and a slump among automaker and mining stocks. While France's PMI edged higher from the prior month, the French CAC 40 was last seen 0.3% lower. Germany's DAX is likewise down 0.4%, following a month-over-month dip in business activity and a 6.5% drop in shares of Daimler on news of a U.S. emissions probe. Rounding things out, London's FTSE 100 has slumped 1.1%.

overseas stocks april 22

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 exclusive!

The Expert's Guide

Access your FREE trading earning announcements before it's too late!


 
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Nevada Discovery That Could Jeopardize Chinese Dominance
Click to continue to advertiser's site.
Stocks Surge During Holiday-Shortened Week
Stocks chugged higher as the government responded to the coronavirus crisis with more funding
Bank Stocks Ease Investors Back Into Earnings Season
Bank stocks will kick off earnings season next week
The Top Lithium Play of 2020
Click to continue to advertiser's site.