26 Mar 2015
Nikkei tanks over 1.50% on stronger yen
FXStreet (Mumbai) - The Japanese equities index opened with a negative gap of 141 points and fell further in to losses following the sell-off overnight on Wall Street and amid concerns about the political situation in Yemen after Saudi Arabia and its allies began airstrikes in that country.
The benchmark Nikkei 225 index trades lower by -1.36% at 19477.78 levels, retreating from fresh four day lows of 19397 reached in early trades. The index slipped further as the stronger yen sent exporters' stocks lower in another quiet day on the local data calendar.
The index trades with a negative market breadth, the advance-decline ratio being 32:189. COMSYS Holdings is the top gainer today; losing 3.34%, followed by Nichirei Corp which is up 2.54%. Among the top losers, Tokyo Electron is down -5.77%.. While, Sumco Corp is lower nearly 5%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19632. Meanwhile, support is seen at 19300 levels and from here to 19k levels.
The benchmark Nikkei 225 index trades lower by -1.36% at 19477.78 levels, retreating from fresh four day lows of 19397 reached in early trades. The index slipped further as the stronger yen sent exporters' stocks lower in another quiet day on the local data calendar.
The index trades with a negative market breadth, the advance-decline ratio being 32:189. COMSYS Holdings is the top gainer today; losing 3.34%, followed by Nichirei Corp which is up 2.54%. Among the top losers, Tokyo Electron is down -5.77%.. While, Sumco Corp is lower nearly 5%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19632. Meanwhile, support is seen at 19300 levels and from here to 19k levels.