Overseas Trading: China Stocks Soar on Stimulus Hopes

Anticipation over the Shenzhen-Hong Kong stock connect, as well as mounting stimulus expectations, boosted stocks in China

Aug 15, 2016 at 8:39 AM
facebook X logo linkedin

Stocks in Asia started the week off on mostly solid footing, with Chinese markets proving especially strong. Specifically, the Shanghai Composite roared to a 2.5% win, amid hopes for additional stimulus after an ugly round of data last week and excitement over the Shenzhen-Hong Kong exchange trading link. Expectations are growing that a timetable for the stock connect's opening could be announced as soon as this week.

Elsewhere, Hong Kong's Hang Seng tacked on 0.7%, while Japan's Nikkei sank 0.3% after second-quarter gross domestic product (GDP) data hinted at a stalling economy -- with declining exports and business investment largely to blame. South Korean markets were shuttered for the Liberation Day holiday.

In Europe, stocks are edging higher, helped by a modest rise in oil prices. London's FTSE 100 is up 0.4%, bolstered by JPMorgan Securities -- which reiterated its "overweight" rating on U.K. stocks, citing strong dividend yields and the potential for more monetary easing. Germany's DAX has also advanced 0.4%, getting a lift from Volkswagen shares. Rounding things out, France's CAC 40 has inched 0.1% higher.

overseas trading august 15A

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