Asian stock indices are trading in the red zone today. Investors are worried that the steps taken by central banks around the globe are no efficient enough to support the global economic recovery.
Today, over 900 Japanese companies will be closed for calculating quarterly dividends.
The current market situation looks as follows:
MSCI Asia Pacific: - 1,2% down to 121,83.
Nikkei 225: - 1,7%.
Hang Seng: - 0,8%.
Kospi: -0,6%.
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225:
During the Asian session, the index made a gap through 9000. Probably, it was wave 3 of [c] of the bearish zigzag pattern. In short-term perspective, the price is expected to build wave. The critical level for the scenario is 9109. If the scenario is correct, later we will see wave 5 of [c].
