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Nikkei 225 Adds 0.71% as Investors turn More Optimistic

Nikkei 225 Adds 0.71% as Investors turn More Optimistic
Nikkei 225 Adds 0.71% as Investors turn More Optimistic

Asian indices and Nikkei 225 finished higher today as the international trade relations sentiment improved after US and China were looking to move forward with trade talks in September. The Hang Seng finished 2.31 percent higher at 26,326, the Singapore Straits Times index finished 0.61 percent higher at 3,136 and the Shanghai composite ended 1,95 percent higher to 2,877. Aussie stocks trade lower, the ASX is 0.14% lower at 6,399.

Nikkei 225 finished 0.71% higher at 20,563 despite the sentiment around the Japanese manufacturers turned bearish for the first time since April 2013 in August as reported by Reuters Tankan monthly survey.

Nikkei 225 rebounds from seven month lows after tested the support at 20,300 the lows from early June. A break below that level might trigger a selloff below the 20,000 mark. On the upside resistance for the Nikkei 225 stands at 20,930 the high from August 5th and then at 21,253 the 50 day moving average.

In Asian forex markets USDJPY trading 0.46% higher at 106.39, the Aussie dollar trades 0,08% higher against greenback at 0.6784, while Kiwi trades lower at 0.6421 versus USD. Gold started lower the week at 1,507, while crude oil is 1.20% higher at $55.39 per barrel.Don’t miss a beat! Follow us on Telegram and Twitter.

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