Overseas Trading: Rate-Hike Fears Ripple Through Global Markets

Stocks in China and Hong Kong slid after trading-link talk failed to materialize

May 18, 2016 at 8:33 AM
facebook X logo linkedin

Stocks in Asia retreated amid mounting fears that today's release of the latest Fed meeting minutes could send rate-hike signals, stoked by hawkish remarks from a pair of regional Fed presidents yesterday. China's Shanghai Composite and Hong Kong's Hang Seng were particularly hard-hit, losing 1.3% and 1.5%, respectively, after a high-ranking government official failed to address a highly anticipated Hong Kong-Shenzhen stock-trading link.

Elsewhere, South Korea's Kospi dropped 0.6%. Meanwhile, Japan's Nikkei ended a choppy session 0.05% lower, as the nation's first-quarter gross domestic product (GDP) signaled stronger-than-expected economic growth.

European markets are also buckling under rate-hike jitters, with a stronger dollar taking a toll on mining stocks. At last check, London's FTSE 100 is off 0.4%, pressured by steep post-earnings losses at luxury apparel brand Burberry. The French CAC 40 and German DAX are struggling, as well, down a respective 0.2% and 0.3%.

overseas trading may 18

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. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI