Asian stocks in the green as trade hopes bolster Pacific sector
- US-China trade talks remain the week's key driver.
- Asan markets are extended their revival, following Wall Street's example as traders seek improved hope on US-China trade negotiations.
Asian equities are on the rise for Wednesday, clocking a third straight day of gains as investors continue to link US-China trade talks with broader risk appetite as traders anticipate a positive outcome from trade negotiations, dragging risk assets higher and sending save-havens lower.
In Japan, a bullish Nikkei 225 is up 1.23% with the Tokyo Topix System 1.09%%, while China's Shanghai CSI 300 lifts 2.42%, and Hong Kong's Hang Seng index up to 2.42%. Australia is also bidding higher, seeing the ASX 200 climbing almost a full 1% for Wednesday, with the MSCI Broad Asia-Pacific nearly flat near 0.08%.
Nikkei 225 Technical Levels
Today Last Price: 20460
Today Daily change: 1.1e+4 pips
Today Daily change %: 0.541%
Today Daily Open: 20350
Previous Daily SMA20: 20446.25
Previous Daily SMA50: 21309.83
Previous Daily SMA100: 22157.86
Previous Daily SMA200: 22309.29
Previous Daily High: 20425
Previous Daily Low: 20135
Previous Weekly High: 20215
Previous Weekly Low: 19260
Previous Monthly High: 22720
Previous Monthly Low: 19300
Previous Daily Fibonacci 38.2%: 20314.22
Previous Daily Fibonacci 61.8%: 20245.78
Previous Daily Pivot Point S1: 20181.67
Previous Daily Pivot Point S2: 20013.33
Previous Daily Pivot Point S3: 19891.67
Previous Daily Pivot Point R1: 20471.67
Previous Daily Pivot Point R2: 20593.33
Previous Daily Pivot Point R3: 20761.67