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1 Apr 2015
Nikkei sinks on stronger yen
FXStreet (Mumbai) - The Japanese equities index opened with a negative up of 77 points and dived deeper on to losses tracking the weak cues overnight from Wall Street and lower commodity prices. Weaker-than-expected quarterly Tankan survey results also weighed on Japanese stocks.
The benchmark Nikkei 225 index trades lower by -0.88% at fresh session lows of 19028.77 levels. The index remained in red largely on a stronger yen amid risk-off sentiment and disappointing Japanese economic release.
The index traded with a negative market breadth, the advance-decline ratio being 41:176. Hokuetsu Kishu Paper is the top gainer so far; gaining 4.09%, followed by Tosoh Corp which is up 3.96%. Among the top losers, Nissan Chemical was down -3.90%. While, Yaskawa Electric is lower nearly 3.80%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19195.25. Meanwhile, support is seen at 18900 levels and from here to 18775 levels.
The benchmark Nikkei 225 index trades lower by -0.88% at fresh session lows of 19028.77 levels. The index remained in red largely on a stronger yen amid risk-off sentiment and disappointing Japanese economic release.
The index traded with a negative market breadth, the advance-decline ratio being 41:176. Hokuetsu Kishu Paper is the top gainer so far; gaining 4.09%, followed by Tosoh Corp which is up 3.96%. Among the top losers, Nissan Chemical was down -3.90%. While, Yaskawa Electric is lower nearly 3.80%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19195.25. Meanwhile, support is seen at 18900 levels and from here to 18775 levels.