Japanese stocks bid, but early gains erased in Hong Kong and Korea. The S&P 500 index closed below the key support 50-week EMA on Frida, opening doors for a deeper drop. Most Asian stocks ticked higher in early trading Monday as investors, but the relief could be short-lived as the S&P 500 futures suffered a bearish close on Friday. At press time, Japan’s Nikkei index is reporting a 0.40 percent gain. Further, stocks in New Zealand and Australia are up 0.1 percent and 1.10 percent, respectively. However, the Shanghai Composite has dropped 1.22 percent in early trade. Meanwhile, South Korea’s Kospi is down 0.30 percent and Hong Kong’s Hang Seng has erased early gains to trade largely unchanged on the day. The minor uptick seen in the Japanese and Oceania stocks could turn out to be a dead cat bounce as the S&P 500 futures closed below the all-important 50-week exponential moving average (EMA) support on Friday. The bearish daily close may embolden the bears to push the index down to the February low of $2,532. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China CommerceMin: To impose anti-dumping tax on some chemicals from US, Saudi, Malaysia and Thailand FX Street 4 years Japanese stocks bid, but early gains erased in Hong Kong and Korea. The S&P 500 index closed below the key support 50-week EMA on Frida, opening doors for a deeper drop. Most Asian stocks ticked higher in early trading Monday as investors, but the relief could be short-lived as the S&P 500 futures suffered a bearish close on Friday. At press time, Japan's Nikkei index is reporting a 0.40 percent gain. Further, stocks in New Zealand and Australia are up 0.1 percent and 1.10 percent, respectively. However, the Shanghai Composite has dropped 1.22 percent in early trade. Meanwhile, South Korea's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
