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Japans Nikkei index higher on Thursday

2018-02-08 07:34 am | Resource: NEWS | No Views : 116

The Nikkei average rose on Thursday as buyers looked for deals on stocks that fell heavily earlier in the week

The Nikkei fell 1.1 percent to 21,890.86 points, but has still lost almost 6 percent so far this week.

Car makers, glass makers and pharmaceuticals led the gains, while food and mineral stocks lost.

Toyota Motor rose 2.4 percent, Subaru Corp. rose 2.9 percent, Asahi Glass rose 5.9 percent and Takeda Pharmaceutical added 1.8 percent.

Aginomoto was down 1.7 percent and Toho Zink was down 5.7 percent and the broader TOPIX index rose 0.9 percent to 1,765.69 points.

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NASDAQ Technical Analysis 23 May 2018

Time frame Used - four hours The NASDAQ 100 is moving in a sideway in the near-term The NASDAQ is still facing resistance around level of 6951 In view of the technical indicators Both the RSI and the Stochastic are indicating to lower indicators Therefore we expect that the NASDAQ 100 will fall to level of 6851 The alternative scenario is that the NASDAQ 100 breach level 6951 to upside…

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