Aisan 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

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.