Despite Wall Street posted a gain of 117.52 points last night, the Asia market ended with a mixed result. Especially for the market who enjoyed a long weekend, first day of the month actually begin with a terrible sell off.
The worst performer is Nikkei who lost 518.67 or 3.11 percent at today's closing. Hang Seng Index broke 21000; settled at 20676.94, lost 390.11 points or 1.85 percent. FBM KLCI Index broke our predicted support; finished down 21.28 points at 1651.44.
The May futures contract for Hang Seng Index ended at 20545 (-309). Range of the day was traded between 20502-20984 (482). Immediate support for HSI is 20450. Next crucial support is 20000. As for KLCI spot futures, market ended at 1642.00, lost 20.50 points, about 1.27 percent. Near support is seen at 1640.0, further support is 1600.
Dow Jones falls 180 points at the moment. Will we see a further drop or recovery by tomorrow morning? Looks like another volatile selling is happening...
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