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29 Dec 2014
Nikkei ends lower on Ebola news
FXStreet (Mumbai) - The Japanese stock markets retreated today on Ebola concerns, after a Japanese man was being tested for the deadly disease.
The Nikkei index fell 0.50% to 17,729.84 levels, compared to the previous session’s close of 17,818 levels. The markets had opened on a positive note, after the Dow Jones industrial average hit a record high for the fourth consecutive session Friday. The Nikkei topped 17,900 levels for a brief moment, although gains were quickly erased during the afternoon session. The index was down more than 300 points at one point.
Long positions were squared off after news hit the market that a Japanese man who recently returned from Sierra Leone was taken to a designated medical center Monday after developing a fever, brokers said.
Nikkei Technical Levels
The immediate support is seen at 17,520, followed by another support at 17,381 levels. Meanwhile, resistance is seen at 17,914.55 and 18030.80 levels.
The Nikkei index fell 0.50% to 17,729.84 levels, compared to the previous session’s close of 17,818 levels. The markets had opened on a positive note, after the Dow Jones industrial average hit a record high for the fourth consecutive session Friday. The Nikkei topped 17,900 levels for a brief moment, although gains were quickly erased during the afternoon session. The index was down more than 300 points at one point.
Long positions were squared off after news hit the market that a Japanese man who recently returned from Sierra Leone was taken to a designated medical center Monday after developing a fever, brokers said.
Nikkei Technical Levels
The immediate support is seen at 17,520, followed by another support at 17,381 levels. Meanwhile, resistance is seen at 17,914.55 and 18030.80 levels.