Today, on the last trading day this week, APX have entered the “red” zone. Statistical data from Japan has proved to be weak, highlighting the reduction of industrial volumes and acceleration of inflation rate.
Independent stock index of the region MSCI Asia Pacific has lost 0.5 percent, having amounted to 117.7 points. Hong Kong Hang Seng has lost 0.31 percent, Japanese index Nikkei 225 has decreased by 1.60 percent – to 8839.91 points. At the same time South Korean index Kospi has risen by 0.24 percent. The shares of Samsung Electronics Co. have gained 0.7 percent in price due to the decision of Tokyo court, which has denied the corporation’s guilt in violating the patent of Apple Corp.
The chart below reflects the dynamics of Japanese index Nikkei 225: the index decline is accelerating, which gives rise to extension of impulse waves. It is most likely that third down wave is being formed within wave [c]. It is yet too early to speak about reversal trends.
