16 Jan 2015
Nikkei ended lower on SNB Black Swan event
FXStreet (Mumbai) - The Japanese equities index erased previous gains and ended lower today dragged down by the combination of a soft close on Wall Street and a stronger yen pushed the Japanese markets deep into the red.
The benchmark Nikkei 225 index closed at 16864.16, down -1.43% compared to previous session’s close of 17108.70. The index ended in losses on the Swiss National Bank's surprise move to scrap its currency cap on the franc versus the euro which added volatility to markets.
The index breadth ended positive with an advance-decline ratio of 26:196. Among the major gainers, SCREEN Holdings led the index up by 8.28% followed by Dowa Holdings which gained 6.82% and Citizen Holdings moved up 2.35%. Yamaha Corp was the top loser, down -5.30%. Mitsui Chemicals Inc and Sony Corp lost over 4.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 17k above which gains could be extended to 17340 levels. Meanwhile, support is seen at 16720 levels and from here to 16600 levels.
The benchmark Nikkei 225 index closed at 16864.16, down -1.43% compared to previous session’s close of 17108.70. The index ended in losses on the Swiss National Bank's surprise move to scrap its currency cap on the franc versus the euro which added volatility to markets.
The index breadth ended positive with an advance-decline ratio of 26:196. Among the major gainers, SCREEN Holdings led the index up by 8.28% followed by Dowa Holdings which gained 6.82% and Citizen Holdings moved up 2.35%. Yamaha Corp was the top loser, down -5.30%. Mitsui Chemicals Inc and Sony Corp lost over 4.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 17k above which gains could be extended to 17340 levels. Meanwhile, support is seen at 16720 levels and from here to 16600 levels.