Asian stocks open on the downside as Japan, Australia continue Wall Street's slump
|- Asian stocks geared to rebuff Wall Street's bearish flows, but declines still greet the early Pacific trading window.
- After Tuesday's rough trading sessions on the European/US sides, Asia looks set to try and dig out some gains for broader indexes.
Following a drawn-out sell-off in Tuesday's Wall Street markets, Wednesday's early Asian markets saw steep losses to kick off the new trading day, but Pacific-Asia session investors are looking eager to bring market sentiment back on-balance.
Japan's Nikkei 225 and Topix 200 opened below Tuesday's Pacific session closing prices, both slipping -1.50% and 1.60% respectively through overnight trading, but the Asiatics are seeing a mild rebound in market sentiment, but despite the early-morning climb the Nikkei is still off by -0.63% and the Tokyo Topix is still in the red by almost -1.00%, while Australia's ASX 200 remains off by -0.66%.
In China, market sentiment is still off-balance but remains surprisingly upright, with Hong Kong's Hang Seng index down -0.50% and Shanghai's CSI 300 actually upright for the day, opening in the green by 0.15%.
Nikkei 225 Technical Levels
Nikkei 225
Overview:
Last Price: 21470
Daily change: 2.8e+4 pips
Daily change: 1.32%
Daily Open: 21190
Trends:
Daily SMA20: 21800.25
Daily SMA50: 22672.3
Daily SMA100: 22659.35
Daily SMA200: 22391.56
Levels:
Daily High: 21695
Daily Low: 21180
Weekly High: 22295
Weekly Low: 21500
Monthly High: 24480
Monthly Low: 20800
Daily Fibonacci 38.2%: 21376.73
Daily Fibonacci 61.8%: 21498.27
Daily Pivot Point S1: 21015
Daily Pivot Point S2: 20840
Daily Pivot Point S3: 20500
Daily Pivot Point R1: 21530
Daily Pivot Point R2: 21870
Daily Pivot Point R3: 22045
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