6 Apr 2015
Nikkei subdued, poor US jobs data weigh
FXStreet (Mumbai) - The Japanese equities index opened the weak with a negative gap of 140 points and remains in red following the release of weaker-than-expected US non-farm payroll employment data on Friday. Markets in Australia, New Zealand, and China among others are closed for the Easter holidays.
The benchmark Nikkei 225 index trades lower by -0.47% at 19344, retreating from session lows at 19241.29 levels. The index remained largely weighed down by bearish US labour market report which raised concerns over economic recovery in the world’s largest economy.
The index traded with a negative market breadth, the advance-decline ratio being 59:154. Sharp Corp is the top gainer so far; gaining 6.49%, followed by Yamaha Corp which is up 5.19%. Among the top losers, Toshiba Corp is down –5.84%. While, Kawasaki Kisen is lower nearly -3.37%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19400. Meanwhile, support is seen at 19200 levels and from here to 19k levels.
The benchmark Nikkei 225 index trades lower by -0.47% at 19344, retreating from session lows at 19241.29 levels. The index remained largely weighed down by bearish US labour market report which raised concerns over economic recovery in the world’s largest economy.
The index traded with a negative market breadth, the advance-decline ratio being 59:154. Sharp Corp is the top gainer so far; gaining 6.49%, followed by Yamaha Corp which is up 5.19%. Among the top losers, Toshiba Corp is down –5.84%. While, Kawasaki Kisen is lower nearly -3.37%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19400. Meanwhile, support is seen at 19200 levels and from here to 19k levels.