Asian stocks split the middle as China rises on trade talk hopes, Japan slips
|- Asian markets diverge as Japan plays catchup with bearish headlines.
- Investors are hoping for a positive outcome from upcoming vice-minister level talks between the US and China.
Asian stocks diverged for Friday, with Chinese equities rising on refreshed hopes of US-China trade talks slated for January 7th-8th, while Japanese markets struggled to play catchup on a busy week that saw a rapid sell-off on renewed risk aversion sparked by a downward revision of Apple Inc's sales outlook. Japanese indexes were closed for several days this week for New Year's celebrations, and with the Japan bourses back in action for Friday, indexes saw a pulldown as investors caught up on various sell-side factors.
In China, the Hong Kong Hang Seng index is up a healthy 1.4%, with the Shanghai CSI 300 jumping a solid 2.0% for Friday, while emerging markets remains steady but up on the day with the MSCI broad Asia-Pacific index up a scant 0.20%.
For Japan, markets told a very different story, with the Nikkei 225 tumbling -2.75% as the Tokyo Topix index follows closely behind at -1.85%. Australia is also catching bearish headwinds, with the ASX 200 declining -0.25%, holding steadier than Japan's markets but still tripping for the last day of 2019's first trading week.
Nikkei 225 Technical Levels
Nikkei 225
Overview:
Today Last Price: 19450
Today Daily change: 5.0e+2 pips
Today Daily change %: 0.0257%
Today Daily Open: 19445
Trends:
Previous Daily SMA20: 20652
Previous Daily SMA50: 21374.03
Previous Daily SMA100: 22233.12
Previous Daily SMA200: 22336.84
Levels:
Previous Daily High: 19680
Previous Daily Low: 19310
Previous Weekly High: 20215
Previous Weekly Low: 19300
Previous Monthly High: 22720
Previous Monthly Low: 19300
Previous Daily Fibonacci 38.2%: 19538.66
Previous Daily Fibonacci 61.8%: 19451.34
Previous Daily Pivot Point S1: 19276.67
Previous Daily Pivot Point S2: 19108.33
Previous Daily Pivot Point S3: 18906.67
Previous Daily Pivot Point R1: 19646.67
Previous Daily Pivot Point R2: 19848.33
Previous Daily Pivot Point R3: 20016.67
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.