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
Updated on Jun 24, 2020 at 10:16 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

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