Japanese stocks fell sharply at the close of trading on Tuesday

The Nikkei index closed sharply lower on Tuesday

 

Japanese stocks closed sharply lower on Tuesday, 

with losses across several sectors.

The transportation and telecommunications sectors were

 among the hardest hit. he biggest losers were


Dainippon Screen Mfg. Co., down 12.4%

Daiichi Sankyo Co., down 8.2%

SoftBank Group Corp., down 7.1%.

The Nikkei index also fell by 1.60%.

 


The Japanese Nikkei

 

Regarding the analysis of the Japanese Nikkei index:

The Japanese Nikkei index continues to move within a strong overall upward trend.

However, the index declined today to reach levels close to 51,135,

which correspond to good buying zones, 

and signs of accumulation have begun to appear there.

This means that we may see a rise in the index again soon.

In the event of an upward move, we may see a test of the 52,000 level.

This is a broken support zone, and a test of it is expected soon.