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 twitter 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. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners