Market Update: Nikkei Crashes 1000 Points, Tumbles into Bear Market - Forex News by Strategia Forex

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

Posted Tuesday, December 25, 2018 by
Arslan Butt • 1 min read

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

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of