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The Nikkei average fell to a four month low

2018-02-13 08:24 am | Resource: NEWS | No Views : 224

The Nikkei average fell after early gains and closed at a four-month low on Tuesday in volatile trading as investors shifted to risk concerns again as the yen gained against the dollar. The Nikkei Stock Average fell 0.7 percent to 21,244.68 points, The lowest level since late October.

The dollar fell 0.4 percent to 108.23 yen, near a five-month low of 108.05 yen. The broader TOPIX index was down 0.9 percent at 1,716.78.

The air transport and land transport sectors as well as the automakers were poorly performing. Shares in Ana Holdings fell 2.0 percent, while East Japan Railway fell 1.7 percent, Toyota Motor dropped 2.5 percent and Honda Motor Co. lost 1.7 percent.

Japan's producer prices rose 0.3 percent year-on-year in January, according to the Bank of Japan on Tuesday, in line with expectations. From an increase of 0.1 percent in December and year-on-year, producer prices rose by 2 percent, 7%, converged with expectations, fell from 3.0% in the previous month to 3.0%.

Export prices fell 0.4 percent year-on-year, up 1.8 percent year-on-year, while import prices fell 0.4 percent year-on-year and rose 4.9 percent year-on-year, the bank said

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NASDAQ Technical Analysis 15 January 2019

Time frame Used - four hours The NASDAQ 100 is moving in a sideway direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around the 6632 level like the Dow Jones, where we see a weakness in the momentum of the NASDAQ 100, and the NASDAQ 100 is not able to exceed the Bollinger's moving average line. In view of the technical indicators Both…

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