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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

Nikkei 225

Overview:
    Today Last Price: 20460
    Today Daily change: 1.1e+4 pips
    Today Daily change %: 0.541%
    Today Daily Open: 20350
Trends:
    Previous Daily SMA20: 20446.25
    Previous Daily SMA50: 21309.83
    Previous Daily SMA100: 22157.86
    Previous Daily SMA200: 22309.29
Levels:
    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

 

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