Asian stocks softly lower on through Thursday

Asian markets are seeing some recovery from early Thursday's dropoff, but still remain off-balance.
Australia is navigating the early Thursday markets with ease as Aussie stocks climb for the day.

Joshua Gibson FXStreet

Asian stocks are gently lower for Thursday, recovering from the early session's declines on the back of Apple Inc's unexpected profit expectations cut, and although investors have managed to fade the majority of the day's bearish action, Pacific sector indexes remain largely in the red, although Australia has managed to buck the trend and hold onto the high side despite the AUD's massive fx declines.

Japan's Nikkei 225 is sitting at -0.30% for the day with Tokyo's Topix index down -0.50%, both remaining steady in off-hours trading through the Japanese market holiday; Chinese indexes are on similar footing, with Hong Kong's Hang Seng index down -0.60%, and Shanghai's CSI 300 down a scant -0.10%.

Emerging markets are seeing a larger step-down, with the MSCI broad Asia-Pacific index declining a full -1.05%, while Australia's ASX 200 sees a step up on the day, climbing 1.35% for Thursday.

Nikkei 225 levels to watch

Nikkei 225

Overview:
    Today Last Price: 19385
    Today Daily change: -3.5e+4 pips
    Today Daily change %: -1.75%
    Today Daily Open: 19730
Trends:
    Previous Daily SMA20: 20760.5
    Previous Daily SMA50: 21416.53
    Previous Daily SMA100: 22263.66
    Previous Daily SMA200: 22348.82
Levels:
    Previous Daily High: 19950
    Previous Daily Low: 19305
    Previous Weekly High: 20215
    Previous Weekly Low: 19300
    Previous Monthly High: 22720
    Previous Monthly Low: 19300
    Previous Daily Fibonacci 38.2%: 19703.61
    Previous Daily Fibonacci 61.8%: 19551.39
    Previous Daily Pivot Point S1: 19373.33
    Previous Daily Pivot Point S2: 19016.67
    Previous Daily Pivot Point S3: 18728.33
    Previous Daily Pivot Point R1: 20018.33
    Previous Daily Pivot Point R2: 20306.67
    Previous Daily Pivot Point R3: 20663.33

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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