Asian stocks split the middle as China rises on trade talk hopes, Japan slips
- Asian markets diverge as Japan plays catchup with bearish headlines.
- Investors are hoping for a positive outcome from upcoming vice-minister level talks between the US and China.
Asian stocks diverged for Friday, with Chinese equities rising on refreshed hopes of US-China trade talks slated for January 7th-8th, while Japanese markets struggled to play catchup on a busy week that saw a rapid sell-off on renewed risk aversion sparked by a downward revision of Apple Inc's sales outlook. Japanese indexes were closed for several days this week for New Year's celebrations, and with the Japan bourses back in action for Friday, indexes saw a pulldown as investors caught up on various sell-side factors.
In China, the Hong Kong Hang Seng index is up a healthy 1.4%, with the Shanghai CSI 300 jumping a solid 2.0% for Friday, while emerging markets remains steady but up on the day with the MSCI broad Asia-Pacific index up a scant 0.20%.
For Japan, markets told a very different story, with the Nikkei 225 tumbling -2.75% as the Tokyo Topix index follows closely behind at -1.85%. Australia is also catching bearish headwinds, with the ASX 200 declining -0.25%, holding steadier than Japan's markets but still tripping for the last day of 2019's first trading week.
Nikkei 225 Technical Levels
Today Last Price: 19450
Today Daily change: 5.0e+2 pips
Today Daily change %: 0.0257%
Today Daily Open: 19445
Previous Daily SMA20: 20652
Previous Daily SMA50: 21374.03
Previous Daily SMA100: 22233.12
Previous Daily SMA200: 22336.84
Previous Daily High: 19680
Previous Daily Low: 19310
Previous Weekly High: 20215
Previous Weekly Low: 19300
Previous Monthly High: 22720
Previous Monthly Low: 19300
Previous Daily Fibonacci 38.2%: 19538.66
Previous Daily Fibonacci 61.8%: 19451.34
Previous Daily Pivot Point S1: 19276.67
Previous Daily Pivot Point S2: 19108.33
Previous Daily Pivot Point S3: 18906.67
Previous Daily Pivot Point R1: 19646.67
Previous Daily Pivot Point R2: 19848.33
Previous Daily Pivot Point R3: 20016.67