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Asian stocks hesitate, Shanghai 300 easing forward to 3,200.00

  • Asian markets are remaining moderately bid as investors search for an impetus to hold their buys instead of out-right fleeing.
  • Markets are bracing for a feared steepening slowdown at the hands of protectionist trade wars.

Asian equities are taking it easy on Monday, with major indexes eking  out minor gains, or at least managing to maintain an upright position heading into another week, with questions surrounding how long the recent bullish runs can last.

With key data due for China’s economy on Wednesday, investors will be looking to keep the boat upright, although global indexes are facing increasing pressure as the latest round of earnings are sparking concerns that a peak may have been reached, and the other side of the hill could be coming in for a landing. US CPI readings due later in the week will also give investors some further indications about what the potential costs of a Sino-US trade war could cost.

As noted by Junheung Li, the founder of JL Warren Capital LLC, “Clearly there’s a deceleration due to the soft macro  picture for the economy, but where we can get some comfort from this number is that Chinese consumers are slowing, not collapsing.”

Japan’s markets are mixed, with the Tokyo Topix index down -0.11% and the Nikkei 225 up a scant 0.05%, while China is moderately more positive, with the Hong Kong Hang Seng up 0.27% and the Shanghai CSI 300 looking for more recovery, up over 0.90% on the day, while Australia’s ASX 200 remains up 0.33%. Emerging markets, the Achillies  heel of the Pacific-Asia market session sees declines i nthe  broad Asia MSCI index, declining -1.20%.

Nikkei 225

Overview:
       Last Price:  22285
       Daily change:  2.1e+4  pips
       Daily change:  0.951%
       Daily Open:  22075
Trends:
       Daily SMA20:  22024.5
       Daily SMA50:  22902.8
       Daily SMA100:  22701.65
       Daily SMA200:  22387.78
Levels:
       Daily High:  22075
       Daily Low:  22075
       Weekly High:  22570
       Weekly Low:  21870
       Monthly High:  24480
       Monthly Low:  20800
       Daily Fibonacci 38.2%:  22075
       Daily Fibonacci 61.8%:  22075
       Daily Pivot Point S1:  22075
       Daily Pivot Point S2:  22075
       Daily Pivot Point S3:  22075
       Daily Pivot Point R1:  22075
       Daily Pivot Point R2:  22075
       Daily Pivot Point R3:  22075

 

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