Stocks Lower As China Reform Promise Disappoints
In Asia, Tokyo's Nikkei 225 surged 2.1 percent to 14,876.41, also helped by renewed weakness in the yen as it approached 100 to the dollar.
China's Shanghai Composite rose 0.6 percent to 2,100.51 and Hong Kong's Hang Seng gained 0.8 percent to 22,649.15. Benchmarks in Australia, Taiwan, South Korea and Singapore also rose.
In energy markets, benchmark crude for December delivery rose 42 cents to $94.30 in electronic trading on the New York Mercantile Exchange. The contract gained 84 cents on Wednesday.
The euro dropped 0.1 percent $1.3479, while the dollar rose 0.7 percent to 99.89 yen.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV