Japans Nikkei finished trading lower on Monday
2018-05-07 07:30 am | Resource: NEWS | No Views : 226
Japan's Nikkei ended lower on Monday as hopes for the central bank to buy traded funds and weakness in the financial sector hit by falling US earnings.
The Nikkei ended a slight change at 22,467.16 after trading in negative territory in early deals, and the broader Topix index gained 0.1 percent to 1,773.18 points.
"At the top of these hopes of buying the ETF for the BOJ, retail investors have been chasing small stocks," said Shihiro Ota, general manager of investment research at SMBC Nikko Securities.
The market was volatile in morning trading after opening up as investors returning from the Golden Week holiday did not find a surprise from the Fed meeting on Wednesday. Japanese markets closed Wednesday to Friday.
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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