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27 Feb 2015
Nikkei retreats from 15-year peak
FXStreet (Mumbai) - The Japanese equities index opened higher with a positive gap of 60 points and posted fresh fifteen year highs following the release of better-than-expected industrial output data before edging lower on yen strength.
The benchmark Nikkei 225 index trades -0.17% lower at 18759.45 levels, retreating from fresh multi-year highs of 18865.39. The index remains gave up gains and edged lower as a stronger yen weighs on the export oriented stocks, dragging the index lower.
The index trades with a positive market breadth, the advance-decline ratio being 158:60. MEIJI Holdings is the top gainer rallying 5.38%, SCREEN Holdings is up 2.65%. Among the top losers, Yokogawa Electric is declining -4.32%, followed by Tokyo Dome Corp which is down –3.33%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18865.39. Meanwhile, support is seen at 18650 levels and from here to 18500 levels.
The benchmark Nikkei 225 index trades -0.17% lower at 18759.45 levels, retreating from fresh multi-year highs of 18865.39. The index remains gave up gains and edged lower as a stronger yen weighs on the export oriented stocks, dragging the index lower.
The index trades with a positive market breadth, the advance-decline ratio being 158:60. MEIJI Holdings is the top gainer rallying 5.38%, SCREEN Holdings is up 2.65%. Among the top losers, Yokogawa Electric is declining -4.32%, followed by Tokyo Dome Corp which is down –3.33%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18865.39. Meanwhile, support is seen at 18650 levels and from here to 18500 levels.