Asian stocks down for Friday as China data weighs
- Risk-off marks the end of this trading week for the Asian bourses as major indexes dip red once again.
- China Retail Sales missed big today, coming in at 8.1% (expected 8.8%), while Industrial Production slipped to 5.4% (expected 5.9%).
Asian equities remain off-balance for Friday as risk aversion returns to the fold, knocking bullish traders off-balance and keeping safe haven assets well-bid to cap off the trading week, with a missed data reading from China further entrenching the Pacific sector in the red as investor sentiment continues to skew towards the downside.
Despite a bumper reading in Japan's Tankan indicators early Friday, Japanese stocks are in the red for the day amidst broader market tensions and still-rising trade war fears, and the Nikkei 225 index is down about -1.90% with Tokyo's Topix index declining -1.40% for Friday; China is likewise off-balance after Chinese Retail Sales and Industrial Production both missed market estimates, and the Hong Kong Hang Seng index is retreating -1.50% with Shanghai's CSI 300 down -1.00%. Australia, forever tied closely to China in both trade and economic growth, is also seeing traders retreat on the day's data miss, and the ASX 200 is down -1.05% for Friday.
Despite the usual market fray plaguing Asian stocks, emerging markets are remaining comparatively upright, with the MSCI broad Asia-Pacific (excluding Japan) index up nearly 0.55% on the day.
Nikkei 225 Technical Levels
Today Last Price: 21405
Today Daily change: -4.9e+4 pips
Today Daily change %: -2.24%
Today Daily Open: 21895
Previous Daily SMA20: 21754.32
Previous Daily SMA50: 21948.23
Previous Daily SMA100: 22515.56
Previous Daily SMA200: 22431.19
Previous Daily High: 21920
Previous Daily Low: 21685
Previous Weekly High: 22720
Previous Weekly Low: 21075
Previous Monthly High: 22570
Previous Monthly Low: 21180
Previous Daily Fibonacci 38.2%: 21830.23
Previous Daily Fibonacci 61.8%: 21774.77
Previous Daily Pivot Point S1: 21746.67
Previous Daily Pivot Point S2: 21598.33
Previous Daily Pivot Point S3: 21511.67
Previous Daily Pivot Point R1: 21981.67
Previous Daily Pivot Point R2: 22068.33
Previous Daily Pivot Point R3: 22216.67