Asia stocks up across the board as post-US election risk bid continue

Asian stock markets are following Wall Street's lead, bolstered by a resurgence of risk-on market sentiment.
China data on the day is helping to buoy investor confidence in the Pacific-Asia sector.

Asian equities are resuming climbing on Thursday, getting lifted by a sweep of bullish sentiment that sprang out of US mid-term elections, where President Donald Trump's own Republican party maintained control of the US Senate, while the opposing Democratic party regained control of the US House of Representatives. Wall Street has seen continued gains following the elections this week, and Asia markets are seeing a similar spring in their step, being aided by a surge in China's annualized Imports, Exports, and USD-denominated trade balance.

Japan's markets are seeing firm bidding on the day, with the Nikkei 225 and Tokyo Topix 200 climbing by 1.88% and 1.78% respectively, while Hong Kong's Hang Seng and Shanghai's Composite CSI 300 are lifting a more sedate 0.71% and 0.30%; Australia is also keen on the day, with the ASX 200 lifting 0.53% for Thursday, while emerging markets are up on the day but less so by comparison, with the broad Asia-Pacific MSCI index in the green by a relatively scant 0.18%.

Nikkei 225 Technical Levels

Nikkei 225

Overview:
    Last Price: 22485
    Daily change: -5.0e+3 pips
    Daily change: -0.222%
    Daily Open: 22535
Trends:
    Daily SMA20: 22075.25
    Daily SMA50: 22913.8
    Daily SMA100: 22688.67
    Daily SMA200: 22384.68
Levels:
    Daily High: 22570
    Daily Low: 21995
    Weekly High: 22320
    Weekly Low: 20805
    Monthly High: 24480
    Monthly Low: 20800
    Daily Fibonacci 38.2%: 22350.35
    Daily Fibonacci 61.8%: 22214.65
    Daily Pivot Point S1: 22163.33
    Daily Pivot Point S2: 21791.67
    Daily Pivot Point S3: 21588.33
    Daily Pivot Point R1: 22738.33
    Daily Pivot Point R2: 22941.67
    Daily Pivot Point R3: 23313.33

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.