Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Last year when the Nikkei 225 plummeted into a bear market it did incredibly well to recover from a slide over the course of 3-4 trading days at the beginning of August, that saw it collapse to 31,156. The Nikkei 225 futures actually fell pretty close to 30k back then, but nevertheless the index recovered back above 40k and was holding that gain coming into the end of January this year. The index was already tracking lower in February and March, but nothing the like of what sent it hurtling lower again last week. The Nikkei closed on Friday at 33,780 after hitting a low at 33,259 during the session. Well, since then the further slide in the US markets later on Friday saw the Nikkei futures price a reopening for today at below 32k ahead of the US close. The price action today has seen it slide from an official opening at 33,154. The Nikkei fell below at 31,156 price point, dropping to 30,792 earlier. It is off that low now though, but the risks of further downside below 30k seem just about as elevated as they could possibly be right now. The index is currently trading at 31,450 leading into the close
Start here. Join over 3M Libertex users around the world!