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Nikkei 225 Slightly Higher, Asian Indices Mixed

Nikkei 225 Slightly Higher, Asian Indices Mixed
Nikkei 225 Slightly Higher, Asian Indices Mixed

Nikkei 225 and Asian equities ended mixed today as investors looking for clues on next monetary policy steps by central banks and stimulus the will revive the hectic global economy.  U.S.-China trade war weighs on global economic growth. The Hang Seng trading 1.00 per cent lower at 26,008, the Singapore Straits Times index finished 0.12 per cent higher at 3,126 and the Shanghai composite ended 0,11 per cent higher to 2,883. Aussie stocks finished higher, the ASX ended 0.36% higher at 6,507.

Nikkei 225 finished 0.05% higher at 20,628 after Japan All Industry Activity Index (month over month) registered at -0.8%, below forecasts of -0.7% in June. Nikkei 225 getting a boost from Shiseido Co. Ltd. +5.55%, SCREEN Holdings +3.28% and Nomura Holdings Inc +2.27%. On the other hand Pacific Metals Co. -2.78%, Shinsei Bank Ltd. -2.72% and Kuraray Co. Ltd -2.46%.

Nikkei 225 consolidates the recent rebound from seven month lows after tested the support at 20,300 the lows from early June. A break below that level might accelerate the 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 21,238 the 50 day moving average.

In Asian forex markets USDJPY trading 0.08% lower at 106.43, the Aussie dollar trades 0,12% lower against greenback at 0.6771, while Kiwi trades 0.28% lower at 0.6386 versus USD. Gold trades flat at 1,499, while crude oil is 0.23% higher at $55.81 per barrel.Don’t miss a beat! Follow us on Telegram and Twitter.

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