Asian indices are trading mixed while Nikkei 225 ended in positive foot for the fourth consecutive trading session as traders turn cautious after the expected meeting between US President and Chinese President to sign the phase one trade deal could be delayed until December as negotiations continue over the trade terms. The Hang Seng index ended 0.38% lower at 27,583; the Shanghai Composite is 0.01% lower at 2,979. Australian stocks rebounded sharply; the ASX 200 ended 1.00% higher at 6,726.
Nikkei 225 finished 0.11% higher at 23,330 at fresh yearly highs. Bank of Japan the previous week kept its monetary policy steady as expected. Nikkei 225 boosted by Olympus Corp. +15.184%, Toyobo Co. Ltd. +6.67%, GS Yuasa Corp. +6.55%, and Dowa Holdings Co. Ltd. +6.10%.
The Nikkei index ended at fresh yearly highs today as the bullish momentum on global equities persists holding above all major daily moving averages. Longs should closely watch the daily RSI index, which hovers at 76.43, an overbought level that might trigger profit-taking.