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

 

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