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20 Apr 2015
Nikkei wipes out gains, shrugs off China stimulus
FXStreet (Mumbai) - The Japanese equities index opened the week on a softer tone the negative lead from Wall Street on Friday amid fresh worries about a Greek debt default. Equities on Wall Street closed last week deep in the red as risk-off sentiment dominated the markets.
The benchmark Nikkei 225 index trades flat at 19668.06, retreating from session highs at 19725.86 levels. The index erased early gains and trades muted as stimulus measures announced by China's central bank during the weekend failed to boost sentiment amid grim global sentiment.
The index trades with a negative market breadth, the advance-decline ratio being 99:117. OKUMA Corp is rallying more than 5.39%, followed by Ajinomoto Co up nearly 3.80%. Among the top losers, Sekisui House Ltd is down -2.26%. While TOTO LTd is down –2.00%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19800. Meanwhile, support is seen at 19400 levels and from here to 19250 levels.
The benchmark Nikkei 225 index trades flat at 19668.06, retreating from session highs at 19725.86 levels. The index erased early gains and trades muted as stimulus measures announced by China's central bank during the weekend failed to boost sentiment amid grim global sentiment.
The index trades with a negative market breadth, the advance-decline ratio being 99:117. OKUMA Corp is rallying more than 5.39%, followed by Ajinomoto Co up nearly 3.80%. Among the top losers, Sekisui House Ltd is down -2.26%. While TOTO LTd is down –2.00%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19800. Meanwhile, support is seen at 19400 levels and from here to 19250 levels.