Overseas Trading: China Rallies on MSCI Buzz; ECB Holds Europe in Check

China's Shanghai Composite gained more than 3.3%, while Japan's Nikkei extended its win streak to five

by Josh Selway

Published on May 31, 2016 at 8:36 AM

Stocks in Asia for the most part finished higher on Tuesday, led by Chinese stocks' best day in almost three months. Specifically, China's Shanghai Composite jumped 3.3%, on hopes global index operator MSCI will soon add Chinese "A-shares" to its emerging markets index. Hong Kong's Hang Seng managed a 0.9% gain. 

Japan's Nikkei also enjoyed a higher finish -- its fifth straight -- picking up 1%, thanks to better-than-expected industrial output data and a weaker yen. Elsewhere, South Korea's Kospi dipped 0.8%. 

European stocks are edging lower at midday, despite Asia's strength. After Fed talk dominated U.S. stock markets last week, European stocks are on edge ahead of the European Central Bank's (ECB) policy-deciding meeting on Thursday. In stock news, automaker Volkswagen is sliding lower post-earnings, as the company's emission scandal continues to weigh on quarterly results. France's CAC 40 was down 0.2%, at last check, Germany's DAX was off 0.1%, and London's FTSE 100 was flat. 

Overseas Markets May 31

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

6 Sectors for Summer

Access your FREE insider report 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 Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
Wall Street Roars Higher Amid Civil Unrest
Investors weighed a mixed bag of jobs data
AstraZeneca Stock Flat Despite COVID-19 Vaccine News
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidate
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.