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Asian stocks bouncing higher on improving sentiment, Nikkei climbing into ¥20,100.00

  • Risk appetite is pinned firmly to the 'on' position for Monday.
  • Market sentiment is improving as investors await good tidings from US-China trade talks.

Asian equities are on the rise for Monday as investor sentiment experiences a much-needed relief rally, spurring the Pacific session into a continued bounce with broader markets climbing on a dovish US Fed and better-than-expected US NFP data last Friday sparks a risk-on run in stock markets.

Japanese stocks are surging higher on Monday with the Nikkei 225 climbing 2.70% and Tokyo's Topix index running up 2.9%; Japanese equities started the trading year late last week after an extended holiday, and Monday's action is walking back a selloff last week fueled by Japan investors struggling to catch up to 2019's early bearish sentiment swing.

China is rising with a more tentative note, as Hong Kong's Hang Seng index rises 0.85% and Shanghai's CSI 300 lifts 0.30%, although the positive mood in emerging markets is more sedate with the MSCI Asia-Pacific index in the green by just 0.10%. Australia is benefitting from positive sentiment on upcoming US-China trade negotiations however, with the ASX 200 rising 1.15%.

Nikkei 225

Nikkei 225

Overview:
    Today Last Price: 20075
    Today Daily change: -1.0e+3 pips
    Today Daily change %: -0.0498%
    Today Daily Open: 20085
Trends:
    Previous Daily SMA20: 20565.5
    Previous Daily SMA50: 21351.23
    Previous Daily SMA100: 22207.52
    Previous Daily SMA200: 22327.84
Levels:
    Previous Daily High: 20215
    Previous Daily Low: 19260
    Previous Weekly High: 20215
    Previous Weekly Low: 19260
    Previous Monthly High: 22720
    Previous Monthly Low: 19300
    Previous Daily Fibonacci 38.2%: 19850.19
    Previous Daily Fibonacci 61.8%: 19624.81
    Previous Daily Pivot Point S1: 19491.67
    Previous Daily Pivot Point S2: 18898.33
    Previous Daily Pivot Point S3: 18536.67
    Previous Daily Pivot Point R1: 20446.67
    Previous Daily Pivot Point R2: 20808.33
    Previous Daily Pivot Point R3: 21401.67

 

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