Posts Tagged ‘nikkei’

After successfully breaking above key VST resistance at 9575, the next target for NIKKEI is 9622. First support is 9530 , and if this level holds in the near term, it may well rally to the 9702 resistance.(ARF) Full story

Nikkei Futures Nikkei futures likely to continue its rising intraday trend, especially if the index futures may penetrate the first resistance at 9025. If this bullish scenario actually happens then 9100 and 9250 will be the initial target. But one thing to be observed is sideways pattern that occurred a few days is likely to continue despite the Nikkei futures capable of penetrating 9025. Assessment of whether ... Full story

Financeroll - Japanese stocks (TPX) rose on the year’s last trading day, with the Nikkei 225 (NKY) Stock Average advancing for the first time in four days, as falling U.S. jobless claims and improving home sales signaled the world’s largest economy is weathering Europe’s debt crisis. Sony Corp. (6758), which earns 20 percent of its sales in the U.S., gained 0.9 percent. Mitsui & ... Full story

Financeroll - Japanese stocks fell for a third day as the yen rose to a 10-year high against the euro after a surge in the European Central Bank’s balance sheet to a record highlighted the growing risks of the debt crisis, clouding the earnings outlook for exporters. Sony Corp., a consumer-electronics maker that relies on Europe for a 21 percent of its ... Full story

Financeroll - The Nikkei average rose on Wednesday after smooth debt sales in Spain and positive housing data in the United States, but major resistance at its 25-day moving average held on regional security concerns from North Korea. Troubled Tokyo Electric Power Co and Olympus Corp  were in the headlines Wednesday and saw heavy trading. Tepco, operator of the Fukushima nuclear ... Full story

Financeroll - Japanese stocks fell, extending last week’s loss, after Fitch Ratings warned it may further cut the credit grades of European nations, diminishing optimism that policy makers will solve the region’s debt crisis. Sony Corp. (6758), a consumer electronics company that gets 21 percent of its revenue in Europe, dropped 2.9 percent. Japan Material Co., a producer of chip-making equipment, slid ... Full story

Financeroll - Hong Kong shares fell on Thursday, with large caps leading the Hang Seng Index off a three-week high in weak turnover ahead of key meetings in Europe and Chinese economic data over the next two days. The Hang Seng Index closed down 0.69 percent at 19,107.81. The China Enterprises Index of top Chinese companies listed in Hong Kong finished down ... Full story

Financeroll - Seoul shares slipped on Thursday as investors took defensive positions ahead of a crucial summit of European Union leaders, with losses in bank and technology issues and institutional selling weighing on the benchmark index.     Investors fretted over whether European leaders would agree on a plan to tackle the euro zone's debt crisis at what has been described as a ... Full story

Financeroll - Seoul shares slipped on Thursday as investors took defensive positions ahead of a crucial summit of European Union leaders, with losses in bank and technology issues and institutional selling weighing on the benchmark index.     Investors fretted over whether European leaders would agree on a plan to tackle the euro zone's debt crisis at what has been described as a ... Full story

Financeroll - The Nikkei average slipped from a four-week high on Thursday on profit-taking ahead of the settlement of a futures contract and as market players turned cautious ahead of key events in Europe. Shares of Tokyo Electric Power Co tumbled after a report that the government will inject at least 1 trillion yen ($13 billion) in a de facto temporary nationalisation of ... Full story