Overseas Trading: Global Stocks Drop with Oil; Tokyo Tumbles on Stimulus Concerns

Traders in Tokyo are concerned that the Bank of Japan isn't doing enough to support the economy

by Alex Eppstein

Published on Aug 2, 2016 at 8:37 AM

Asian markets finished lower for the most part, with Japanese bonds tanking amid fears that the Bank of Japan may tap the brakes on its stimulus efforts. Stocks in Tokyo also reacted negatively to falling oil prices, helping pressure the Nikkei 1.5% lower.

Elsewhere, South Korea's Kospi gave back 0.5%, and China's Shanghai Composite bucked the regional trend lower, tacking on 0.6%. Separately, Hong Kong markets were closed due to a typhoon warning.

Stocks in Europe are sliding, again led lower by bank stocks -- with German financial issue Commerzbank among the biggest laggards, down 7% on a bleak profit forecast. Also struggling are oil stocks, as crude continues to falter amid overproduction concerns. At last check, London's FTSE 100 is down 0.5%, the French CAC 40 has plunged 1.6%, and the German DAX is 1.4% lower.

Overseas Trading August 2

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