Japans Nikkei fell to a one month low on Friday
2018-08-10 06:52 am | Resource: NEWS | No Views : 139
Japan's Nikkei fell to a one-month low on Friday as semiconductor-related stocks fell after Morgan Stanley cut its US chip outlook, offsetting any support from Japan's better-than-expected economic growth.
The Nikkei was down 1.3 percent at 22,298.08, its lowest close since July 12. During the week, it fell by 1 per cent.
In late trading, equity selling accelerated after the Yen rallied against the Dollar as investors became risk averse.
The Turkish lira hit its lowest level ever at 5.75 on Friday after a meeting the day before between a Turkish delegation and US officials in Washington that produced no clear solution to the diplomatic frenzy over the US priest's detention in Turkey.
The dollar was down 0.1 percent at 110.98 yen, up from a high of 111.165.
Tokyo chip makers fell 3.6 percent, Advantest Corp. rose 4.9 percent and Holding Holding Inc rose 3.9 percent, while Somco Corp., the maker of silicon chips, fell 4.7 percent.
Morgan Stanley lowered its view of the US semiconductor industry to "cautious" from "in line," saying it could not see a big rise in its estimates in part because of increased trade tensions.
Time frame Used - four hours The NASDAQ 100 is moving in a bearish direction in the near term. The bears managed to control the movement of the NASDAQ 100 index to retreat to the 6590 level as it faced resistance and selling pressure around the important resistance level of 7100 which pushed it back down again. In view of the technical indicators Both the RSI and Stochastic are indicating…
- DOW JONES Technical analysis 10 December 2018 08:53 pm2018-12-09
- NASDAQ Technical Analysis 5 December 2018 11:25 pm2018-12-04
- DOW JONES Technical analysis 5 December 2018 11:23 pm2018-12-04
- NASDAQ Technical Analysis 4 December 2018 05:51 am2018-12-04
- DOW JONES Technical analysis 4 December 2018 05:45 am2018-12-04
- NASDAQ Technical Analysis 3 December 2018 11:23 pm2018-12-02
- DOW JONES Technical analysis 3 December 2018 11:14 pm2018-12-02
- NASDAQ Technical Analysis 30 November 2018 07:46 am2018-11-30
- DOW JONES Technical analysis 30 November 2018 07:43 am2018-11-30
Best trading brokers
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01
- Bitcoin forces Santa Claus to distribute the worst gifts to its investors on Christmas 10:04 am 2017-12-25
- Forex 09:26 am 2017-12-25
- OmiseGo .. Time for electronic financial exchanges 02:07 pm 2017-11-15