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.
