Asian stock indices are trading in the green zone today. The rally is caused by yesterday’s positive employment and industrial production reports from the USA.
· MSCI Asia Pacific: +0,8%.
· Nikkei 225: + 1,3%.
· SP/ASX 200: +0,2%.
· Kospi: +1,1%.
The stock of Sands China Ltd. is by 4.5% while the one of BHP Billiton Ltd. is trading 1.8% higher.
At the same time, the stock of Sharp Corp. has weakened by 4.7%. The company is expected to suffer major losses this financial year.
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225. The index keeps implementing the bullish scenario. At this point, it is trading within the 9000-9110 area. Probably, this is pause in advance of another upswing.
