Aisan stocks open on the downside as Japan, Australia continue Wall Street’s slump

• Asian stocks geared to rebuff Wall Street’s bearish flows, but declines still greet the early Pacific trading window.
• After Tuesday’s rough trading sessions on the European/US sides, Asia looks set to try and dig out some gains for broader indexes.

Following a drawn-out sell-off in Tuesday’s Wall Street markets, Wednesday’s early Asian markets saw steep losses to kick off the new trading day, but Pacific-Asia session investors are looking eager to bring market sentiment back on-balance.

Japan’s Nikkei 225 and Topix 200 opened below Tuesday’s Pacific session closing prices, both slipping -1.50% and 1.60% respectively through overnight trading, but the Asiatics are seeing a mild rebound in market sentiment, but despite the early-morning climb the Nikkei is still off by -0.63% and the Tokyo Topix is still in the red by almost -1.00%, while Australia’s ASX 200 remains off by -0.66%.

In China, market sentiment is still off-balance but remains surprisingly upright, with Hong Kong’s Hang Seng index down -0.50% and Shanghai’s CSI 300 actually upright for the day, opening in the green by 0.15%.

Nikkei 225 Technical Levels