Asian stock market cannot find its dynamics since the start of the trading session. Throughout the session indexes the indexes have been changing growth into decline and vice versa. Investors fear for bad forecast of European Union rating, made by Moody’s Agency. However, at the same time, investors believe that the meeting of European leaders held on Tuesday will bring clarity into the issue of fighting crisis.
Independent stock index of the region MSCI Asia Pacific has dropped by 0.3 percent, which used to be characterized by 0.2 percent growth. Japanese Nikkei 225 has dropped by 0.4 percent, Hong Kong Hang Seng – by 0.3 percent.
The chart below reflects the current state of affairs with Japanese index Nikkei 225: its mid-term price drop is expected to be over soon. At this point the 4th wave is expected to be formed within the impulse of upper wave level, in other words, within the 5th wave, which will probably acquire the form of a three-wave structure. In general, lows are expected to be updated today.
