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The Nikkei average fell to a four month low

2018-02-13 08:24 am | Resource: NEWS | No Views : 73

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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  Time frame Used - four hours The NASDAQ 100 is moving in a bearish direction in the near term. The selling force  was  able to control the movement of the NASDAQ 100 index to break below the 6755 level and turn the trend lower And looking at  the technical indicators The RSI and the Stochastic are indicating signs of weakness on the indicators and the continued decline in indicators…

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