17 Dec 2014
Nikkei ends marginally higher
FXStreet (Mumbai) - The Japanese stocks halted the decline to end the day marginally higher on signs of stabilizing Yen.
The Nikkei index finished 0.38% higher at 16,819.73 levels, compared to the previous session’s close of 16,855.32 levels. The markets had opened on a weaker note tracking overnight fall in the US stocks, however, losses were erased as the Yen appeared to have stabilized against the US dollar.
Among stocks, robot maker Fanuc, electronics giant Sony and automaker Fuji Heavy, were buoyant. Shares in Skymark jumped another 21.98% on reports that report that the transport ministry will maintain the number of slots allocated to the airline at Haneda airport in February and beyond. Meanwhile, on the minus side was Japan Tobacco, which tanked 7.38% as the company’s Russia business accounts for a relatively large part of its earnings.
Moreover, broader gains in the index were capped today as caution prevailed ahead of the Federal Reserve policy statement due today.
Nikkei Technical Levels
The index faces immediate resistance at 16,907, above which gains could be extended to 17036.50 levels. On the other hand, a break below support at 16,714.50, shall open doors for a re-test of 16,500 levels on the downside.
The Nikkei index finished 0.38% higher at 16,819.73 levels, compared to the previous session’s close of 16,855.32 levels. The markets had opened on a weaker note tracking overnight fall in the US stocks, however, losses were erased as the Yen appeared to have stabilized against the US dollar.
Among stocks, robot maker Fanuc, electronics giant Sony and automaker Fuji Heavy, were buoyant. Shares in Skymark jumped another 21.98% on reports that report that the transport ministry will maintain the number of slots allocated to the airline at Haneda airport in February and beyond. Meanwhile, on the minus side was Japan Tobacco, which tanked 7.38% as the company’s Russia business accounts for a relatively large part of its earnings.
Moreover, broader gains in the index were capped today as caution prevailed ahead of the Federal Reserve policy statement due today.
Nikkei Technical Levels
The index faces immediate resistance at 16,907, above which gains could be extended to 17036.50 levels. On the other hand, a break below support at 16,714.50, shall open doors for a re-test of 16,500 levels on the downside.