Dow and Nikkei 225 lower, but Hang Seng holding steady
While the Dow and Nikkei 225 have suffered due to tariff news, the Hang Seng continues to show resilience.
Dow futures higher but bearish outlook remains
Monday’s Dow Jones reversal hands the initiative to the sellers, and a continuation of the losses will see the price head back to the 200-day simple moving average.
Below this lies the January low at 41,820. In the short-term, if the price can hold above 43,000 a new attempt to retake 44,000 may develop.
Nikkei 225 hits new multi-month low
The Nikkei 225 index touched a new five-month low overnight, though it managed to avoid pushing much lower from last week’s low.
The bearish outlook remains in place however, following yesterday’s failed rally to 38,000. While the price managed to rebound briefly, it was unable to hold these gains. Downside targets are now 36,000 and then 35,000.
Hang Seng calm amid tariff news
The imposition of tariffs caused some volatility but overall the Hang Seng index has avoided the heavy losses seen in the US and Japan.
Most of the remarkable gains from mid-January remain in place, so for the most this is just a short-term pullback. A broader risk-off environment may put further pressure on the index, and see it head back towards the rising 50-day simple moving average.
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