Asian indices ended mixed as the improved sentiment over the trade negotiations between officials from China and the USA fades away. The Hang Seng index finished 0.10% lower at 26,495, the Shanghai Composite ended 0.56% lower at 2,991, while the Singapore Straits Times is 0.20% lower at 3,118. Aussie stocks also finished higher; the ASX 200 ended 0.14% higher at 6,652.
Nikkei 225 finished 1.87% higher at 22,207 as Japan stock market was closed yesterday and attempted to catch up the trade deal rally today.
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Nikkei Support and Resistance Levels
The Nikkei index jumped above the 100-day moving average, enhancing the bullish momentum as the index holds above all major daily moving averages. On the upside resistance for the Nikkei 225 stands at 22,219 today’s high, a break above, will set the stage for a move up to 22,350 the high from April 22. On the downside, immediate support stands at 22,049, today’s low and then at 21,245 the 100-day moving average.
In Asian forex markets USDJPY trading 0.02% lower at 108.36 the Aussie dollar trades 0.08% lower at 0.6770, while NZDUSD trades 0.18% lower at 0.6286 versus USD. Gold trades higher today at 1,491, while WTI crude oil is 0.73 lower at $53.20 per barrel.