Asian stocks mixed as China sees declines on disappointing Trade Balance

Asian markets are twisting for Monday as China's markets take a dive on bad trade data.
Despite China miss, broader Pacific window remains upbeat, but cautious.

Joshua Gibson FXStreet

Asian equities went mixed for Monday's action, with the majority of indexes holding steady or seeing mild gains, though China's hugely disappointing Trade Balance figures knocked Chinese bourses firmly lower, as investors try to flee fallout from China's still-declining economy.

Japanese shares are in the green for Monday, with the Nikkei 225 gaining 0.97% with Tokyo's Topix index clearing 0.51% on the day; emerging markets are also remaining on-balance, with the MSCI broad Asia-Pacific index up 0.40%. Australia's equity markets, exposed to Chinese market data, is seeing hesitation for Monday as the ASX 200 remains relatively flat near -0.02%, and China's markets remain the firm bearish points on the day, with Hong Kong's Hang Seng index down -1.46% and Shanghai's CSI 300 retreating -0.75%.

Nikkei 225 Technical Levels

Nikkei 225

Overview:
    Today Last Price: 20085
    Today Daily change: -1.6e+4 pips
    Today Daily change %: -0.766%
    Today Daily Open: 20240
Trends:
    Previous Daily SMA20: 20279.25
    Previous Daily SMA50: 21220.53
    Previous Daily SMA100: 22082.46
    Previous Daily SMA200: 22281.94
Levels:
    Previous Daily High: 20395
    Previous Daily Low: 20200
    Previous Weekly High: 20495
    Previous Weekly Low: 19985
    Previous Monthly High: 22720
    Previous Monthly Low: 19300
    Previous Daily Fibonacci 38.2%: 20274.49
    Previous Daily Fibonacci 61.8%: 20320.51
    Previous Daily Pivot Point S1: 20161.67
    Previous Daily Pivot Point S2: 20083.33
    Previous Daily Pivot Point S3: 19966.67
    Previous Daily Pivot Point R1: 20356.67
    Previous Daily Pivot Point R2: 20473.33
    Previous Daily Pivot Point R3: 20551.67

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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