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Japanese stocks fell for the first time in three days on Wednesday

2018-04-11 07:04 am | Resource: NEWS | No Views : 180



Japanese stocks fell for the first time in three days on Wednesday after a strong rally the previous day and the broader TOPIX index fell 0.4 percent to 1,725.30

The Nikkei ended 0.5 percent lower at 21,687.10, after rising over the past two days. The market, together with a group of global risk assets, held a strong session on Tuesday after Chinese President Xi Jinping helped ease concerns about the US-China trade war.

Investors have been closely watching discussions between US President Donald Trump and Western allies over possible military action on a suspected gas attack on Saturday in Syria at the request of President Bashar al-Assad.

Retail stocks fell after retail retailer J.Front Retailing fell 9.3 percent after forecast earnings for the current fiscal year without market expectations. Takashimaya fell 3.3 percent.

Food stocks fell, with Kikkoman down 3.6 per cent and Asahi falling 2.2 per cent.

Softbank Corp., the majority shareholder of Sprint Corp, rose 3.5 percent after sources said Sprint had resumed talks to merge with US company T-Mobile.


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NASDAQ Technical Analysis 24 September 2018

Time frame Used - four hours The NASDAQ 100 is moving in a sideway direction in the near term The purchasing power managed to control the movement of the NASDAQ 100 index to reach the level of 7595 as it faced selling pressures and resistance to push it back to the level of 7516 trying to consolidate the top of the ascending trend line sub In view of the technical…

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