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Asian stocks follow Wall Street's lead, post gains for Thursday

  • Asian indexes are climbing, keep pace with Wall Street's Wednesday close.
  • Investor appetite has reversed course, seeking gains after the early week's pre-holiday washout.

Asian stocks saw gains for Thursday, following Wall Street's post-Christmas breakout and staking in much-needed gains, although the Asian market's key major indexes still remain alarmingly off of monthly highs as risk-off routs continue to threaten stocks.

Japanese markets are seeing firm gains for the day, with the Nikkei 225 climbing 4.45% while the Tokyo Topix index soars 5.30% for the day, clipping above ¥1,507, though the major bourse still remains -18% off of the year's highs. In China risk appetite's recovery is seeing muted gains, but nevertheless Chinese indexes are in the green, with Hong Kong's Hang Seng up 0.30% and Shanghai's CSI 300 holding on-balance at 0.8%.

Australian equities, having been weighed down by sluggish commodity prices and uneasy investors put off by US-China trade tensions, but the ASX 200 is moderately up the day by 1.88%, while emerging markets, the Asian session's Achilles heel, are managing to remain on-balance as well, with the broad Asia-Pacific MSCI index climbing 0.50% into the green for Thursday.

Nikkei 225 levels to watch

Nikkei 225

Overview:
    Today Last Price: 20035
    Today Daily change: 7.1e+4 pips
    Today Daily change %: 3.65%
    Today Daily Open: 19330
Trends:
    Previous Daily SMA20: 21267.25
    Previous Daily SMA50: 21596.23
    Previous Daily SMA100: 22358.46
    Previous Daily SMA200: 22386.49
Levels:
    Previous Daily High: 19330
    Previous Daily Low: 19330
    Previous Weekly High: 21570
    Previous Weekly Low: 19795
    Previous Monthly High: 22570
    Previous Monthly Low: 21180
    Previous Daily Fibonacci 38.2%: 19330
    Previous Daily Fibonacci 61.8%: 19330
    Previous Daily Pivot Point S1: 19330
    Previous Daily Pivot Point S2: 19330
    Previous Daily Pivot Point S3: 19330
    Previous Daily Pivot Point R1: 19330
    Previous Daily Pivot Point R2: 19330
    Previous Daily Pivot Point R3: 19330

 

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