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10 Feb 2015
Nikkei declines on China & Greece woes
FXStreet (Mumbai) - The Japanese equities index opened with a negative gap of 109 points tracking the cues from Wall Street negative cues from Wall Street amid concerns over Greece with the European Union, while data showed that China's consumer inflation slipped to a five-year low in January.
The benchmark Nikkei 225 index trades lower by -0.75% at 17579.09 levels, retreating from day’s high posted at 17673.27 levels. The index lost footing as stronger yen on risk-off sentiments over deteriorating Greece situation dragged the stocks lower.
The index trades with a negative market breadth, the advance-decline ratio being 63:154. Sumitomo Chemical Co is the top gainer, up 4.29%, Nissan Motors was up close to 3.60%. Among the top losers, Daikin Industries declined by -5.50%, while Tokyo Electron tumbled -3.40%, followed by KDDI Corp which lost -3.08%.
Nikkei Technical Levels
The index has an immediate resistance stands at 17670 above which gains could be extended to 17799 levels. Meanwhile, support is seen at 17450 levels and from here to 17330 levels.
The benchmark Nikkei 225 index trades lower by -0.75% at 17579.09 levels, retreating from day’s high posted at 17673.27 levels. The index lost footing as stronger yen on risk-off sentiments over deteriorating Greece situation dragged the stocks lower.
The index trades with a negative market breadth, the advance-decline ratio being 63:154. Sumitomo Chemical Co is the top gainer, up 4.29%, Nissan Motors was up close to 3.60%. Among the top losers, Daikin Industries declined by -5.50%, while Tokyo Electron tumbled -3.40%, followed by KDDI Corp which lost -3.08%.
Nikkei Technical Levels
The index has an immediate resistance stands at 17670 above which gains could be extended to 17799 levels. Meanwhile, support is seen at 17450 levels and from here to 17330 levels.