Asian stock indices are trading in the green zone on positive manufacturing reports from China.
The current market situation looks as follows:
· MSCI Asia Pacific: +0,2 % up to 124,88.
· Nikkei 225: +0,7%.
· Kospi: + 0,4%.
· S&P/ASX 200: +0,5%.
At the same time, the stocks of Metallurgical Corp. of China and Huaneng Power International Inc. are up by 2.9% and 4.75 correspondingly.
The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225.
The index accelerated the bearish move represented by wave C during the last trading session. At this point, the experts say that the zigzag pattern is probably over and the price may head for 9442 in the short run. The critical level of resistance for the scenario is 9487.
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