FXStreet (Mumbai) – The Japanese equities index jolted nearly 90 points higher at open, extending gains in to a fourth day and subsequently rallied to highest levels since 1996 tracking gains from strong overnight Wall Street close on strong housing data and earlier Fed rate-hike talks.
Currently, the benchmark Nikkei 225 index trades 0.40% higher at fresh 18-year highs of 20902.75, heading towards 21k levels. The Japanese stocks extended its winning streak also on a relatively weaker yen and amid signs of optimism around Greece ahead of its Wednesday’s Euro group meeting. Moreover, markets were little impacted on the BOJ minutes release which turned out to be eventless.
The Nikkei 225 index trades with a positive market breadth with the advance decline ratio of 152:85. Aps Electric is the top gainer, up nearly 3.60%, followed by Ube Industries up 2.15%. The top loser so far is Sharp Corp, down -1.84%, followed by Maruha Nichiro Corp which is losing -1.20%.
Nikkei Technical Levels
The index has an immediate resistance stands at 21k. Meanwhile, support is seen at 20800 levels and from here to 20650 levels.
(Market News Provided by FXstreet)