Japanese stocks rise in early trading
2018-04-09 06:29 am | Resource: NEWS | No Views : 266
Japanese stocks rebounded from the previous session's low and rose on Monday, boosted by defensive stocks. The Nikkei ended 0.5 percent higher at 21,678.26, after losing 0.36 percent on Friday.
While fears of a continuing US-China trade dispute persisted, a surge in US equities in the future after Friday's sharp drop on Wall Street helped calm sentiment at the moment.
Volume on the Tokyo Stock Exchange was 1.26 billion yen, compared with an average of 1.38 billion yen in the past 30 days. There were 160 stocks in the Nikkei index versus 58 losers.
The Topix index rose 0.38 per cent to 1,725.88, with 24 of the 33 sub-sectors rising. Sub-sectors of defense stocks, made up of companies that derive a large part of their profits from the domestic market, performed well.
The winners were the ones led by food, fish, forestry, paper, pulp and medicines. On the other hand, oil, coal and mining products performed less than performance
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 levels of 6864-6903, retreating downside to hit the NASDAQ 100 to the support level of 6644 forming a positive candlestick pattern. In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery. Accordingly, we…
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