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

Sep 9, 2016 at 8:45 AM
facebook twitter linkedin

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. 


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! 


300x250 - Banner 3 - v1