Asia stocks decline in morning trade as Japan's Nikkei falls 1 percent

Major Asia Pacific markets fell in Monday morning trade. In Japan, the Nikkei 225 fell 1.05 percent while the Topix index declined 1 percent. South Korea's Kospi fell 0.71 percent. Australia's benchmark ASX 200 retraced some of its earlier losses but still traded down 0.62 percent amid fresh uncertainties in the country's political outlook. Most sectors traded lower, with the heavily weighted financials subindex down 0.59 percent while the energy and materials sectors declined 0.45 percent and 0.73 percent, respectively.

Read more: https://www.cnbc.com/2018/10/22/asia-ma ... focus.html

Perhaps such a development?

vvFish wrote: Mon Oct 22, 2018 3:20 pm Perhaps such a development?

Yes, hopefully so. We shall wait and see how the Euro and US open react.

vvFish wrote: Mon Oct 22, 2018 3:20 pm Perhaps such a development?

Perhaps not

Nikkei hits lowest level since Aug. 21, trades well below 200-day EMA


- Japan's Nikkei index hit two-month lows Tuesday.
- The index is currently trading well below the 200-day exponential moving average (EMA) of 22,368.

Currently, Japan's Nikkei index is trading at 22,108 - down 2.24 percent on the day - having clocked a two-month low of 22,085 earlier today.

The risk aversion in the global markets and the resulting rise in the anti-risk JPY has dealt a double blow to Japanese stocks.

Technically speaking, the index could suffer a deeper drop in the coming days if the bears manage to keep prices below the 200-day EMA support of 22,368 breached earlier today.

It is worth noting that in the recent past, the dips to or below the 200-day EMA have been short-lived. Hence, a sustained break below that level could prove costly.

Source: https://www.fxstreet.com/news/nikkei-hi ... 1810230301

holy shit