21 Jul 2015
Nikkei leads Asian stocks higher, Shanghai bucks the trend
FXStreet (Mumbai) - Asian markets edged higher on Tuesday, with the Nikkei leading from the front mirroring gains from US markets which stood at record highs. While weaker yen across the board also boosted the Japanese benchmark sending Nikkei 0.43% higher at 20739.83.
The benchmark Australian S&P/ASX 200 index pared early gains to trade just 0.36% higher at 5708 points, with banks helping to keep the index in positive territory, while gold stocks weighed down on the markets.
Chinese equities traded mixed with Hong Kong's benchmark Hang Seng index 0.52% higher at 25,540 while mainland China's benchmark Shanghai Composite plunged kept mild losses to trade at 3986.
Nikkei Technical Levels
The index has an immediate resistance stands at 20865. Meanwhile, support is seen at 20650 levels and from here to 20522.
The benchmark Australian S&P/ASX 200 index pared early gains to trade just 0.36% higher at 5708 points, with banks helping to keep the index in positive territory, while gold stocks weighed down on the markets.
Chinese equities traded mixed with Hong Kong's benchmark Hang Seng index 0.52% higher at 25,540 while mainland China's benchmark Shanghai Composite plunged kept mild losses to trade at 3986.
Nikkei Technical Levels
The index has an immediate resistance stands at 20865. Meanwhile, support is seen at 20650 levels and from here to 20522.