Overseas Trading: North Korea Nukes, ECB Weigh on Global Stocks

Global stocks are mostly lower as traders digest Thursday's ECB decision, along with another nuclear test out of North Korea

by Kirra Fedyszyn

Published on Sep 9, 2016 at 8:45 AM

It was a mixed finish for stocks in Asia, as crude oil retreated following Thursday's U.S. crude inventories report, which showed the largest weekly decline since 1999. South Korea's Kospi gave up 1.3%, after North Korea launched a successful fifth test of a nuclear warhead, and amid concerns over exploding batteries in Samsung's Galaxy Note 7. China's Shanghai Composite also closed lower, shedding 0.6% after August inflation showed its slowest pace of year-over-year growth since last October.

Elsewhere in the region, Japan's Nikkei erased early losses to finish essentially flat. And Hong Kong's Hang Seng bucked the downbeat trend, too, adding 0.8% on reports that mainland insurers may be included in the highly anticipated Shanghai-Hong Kong stock connect.

Traders in Europe are reacting to Thursday's European Central Bank (ECB) decision. Additionally, in a press conference following the meeting, ECB President Mario Draghi noted that extending the asset purchase plan was not even discussed. This disappointment, along with lower oil prices and concerns sparked by North Korea has major indexes across the region covered in red at midday. Specifically, London's FTSE 100 is down 0.4%, Germany's DAX has shed 0.5%, and France's CAC 40 is 0.6% lower. . 

overseas stocks september 9

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!



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

Research Exposes Shortcut to Stock Market Wins
A simple way to stop picking losers, and start cashing in like Wall Street's elite.
Google Postpones Android Reveal, "Now is Not the Time to Celebrate"
"Now is not the time to celebrate," Google said in a message on its website
ZNGA Zooms to 8-Year High on Billion-Dollar Deal
ZNGA is planning to buy Peak for $1.8 billion
Huge New Legal Marijuana Market Has Shortage Crisis
250 million Europeans have access to medical marijuana. There's already a shortage....