- Asian markets are seeing a relief bounce as traders shake off trade fears.
- Emerging markets remain weak-footed as markets rebound on a lack of headlines.
Asian equity markets are seeing a much-needed bounce for Tuesday, with indexes throughout Asia opening the day on a firmly bullish note, with Japan's Nikkei leading the way over the 1% mark quickly on the day, though emerging markets are notably weaker for the time being as bullish efforts fail to break into weaker markets.
Japan is seeing some green after several trading days of retreat as traders shrink away from trade war angst, but Tuesday is setting up on significantly firmer footing, with the Nikkei 225 index hitting 1.05%, with Tokyo 's Topix index also strengthening for 0.60% as the day continues, while Australia's ASX 200 index is also seeing green for the day, up around 0.45% for Tuesday; emerging markets remain weak-footed, with the MSCI broad Asia-Pacific index excluding Japan sitting at -0.65%, and China's markets are hesitating at the day's open but remaining close, with the Hang Seng index at -0.25% and Shanghai's CSI 300 relatively flat at -0.10%.
Nikkei 225 levels to watch
Japan's leading equity index is sitting at 22,373.00 as Tuesday rolls on, after hitting a low of 22,172.00 yesterday; swing low barriers are forming up resistance from 22,053.00 and 21,851.00, with resistance sitting above at the 23,000.00 handle, a major technical level that has seen price rejected multiple times through 2018.
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