- Summary:
- Nikkei 225 consolidates close to seven month lows as it met support at 20,300 the lows from early June. A break below that level might trigger a selloff
Asian indices Nikkei 225 and Nikkei 225 finished mostly higher today mirroring Wall Street indices as investor’s worries on US – China trade war ease. The Hang Seng finished 0.97 percent higher at 25,741, the Singapore Straits Times index finished 0.56 percent lower at 3,108 and the Shanghai composite ended 0,39 percent higher to 2,826. Aussie stocks trade lower, the ASX is 0.14% lower at 6,399.
Nikkei 225 finished 0.06% higher at 20,418 after Japan Foreign Investment in Japan Stocks increased to ¥-187B in August 9 from previous ¥-339.9B.
Nikkei 225 consolidates close to seven month lows as it met support at 20,300 the lows from early June. A break below that level might trigger a selloff below the 20,000 mark. On the upside resistance for the Nikkei 225 stands at 20,930 the high from August 5th and then at 21,253 the 50 day moving average.
In Asian forex markets USDJPY trading flat at 106.14, the Aussie dollar trades 0,18% higher against greenback at 0.6784, while Kiwi trades lower at 0.6435 versus USD. Gold consolidates around recent highs at 1,519, while crude oil is 1.42% higher at $55.34 per barrel.