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Nikkei 225 leads Asian losses after Nasdaq 100 falters again
The Nikkei 225 is leading the Asian stock market losses this morning and is falling pretty hard just now too. The index is lower by more than 2% leading into the close and that comes after another day of lower US closes last night. Once again those lower US closed were led by the Nasdaq 100 and the tech sector. The Nasdaq 100 closed 19,798, after hitting a session low earlier at 19,740. However, it had earlier rebounded off that low and risen back to 20k. So, as you can see it was not all one-way traffic yesterday. What was apparent and suspected here; sellers would use any rally to off load stocks again. Well, that is what happened and it looks like the corrective rally from the low 19,152 is increasingly under threat. The Nasdaq 100 futures are a fraction higher this morning, but we are talking pennies here. The index is just now priced to reopen around 19,805
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