Market Update: Nikkei Crashes 1000 Points, Tumbles into Bear Market

Japan’s stock market index Nikkei ( NKY ) fell over 1,000 points or 5% in Tuesday morning trading. With this, the index falls to a 20-month low on the back of the worst S&P 500 Christmas Eve collapse on record.

The Nikkei average hit an intra-day low of 19,117.96, or -5.01%, while the US index SPX trades at 2,342.25, plunging -2.95% for the day.

Support Resistance
19135.35 19632.31
18981.84 19785.82
18733.36 20034.3
Key Trading Level: 19383.83

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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