Nikkei 225 closes lower by 0.95% at 21,258.64

Author: Justin Low | Category: News

Tokyo's main index falls back below its 100-day moving average

Nikkei 21-06
Asian equities aren't taking much comfort from the fact that the S&P 500 recorded an all-time high overnight as stocks are on the back foot for the most part in trading today.

It could be a bit of profit taking following a solid week of gains (nobody wants to be dealing with position risk into the weekend these days) but also as the attention slowly turns towards next week's Trump-Xi meeting in Osaka.

Fresh protests in Hong Kong didn't really help either amid tensions in the Middle East between US and Iran since yesterday.

Markets in general are a little bit more cautious so far today with US equity futures down by 0.3% while Treasury yields are also weighed lower to begin the session. As such, USD/JPY was weighed down towards 107.05 earlier but has since crept a little higher to 107.37 now as the dollar recoups some losses in the past few minutes.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose