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From : International Equity Index Daily Hotline: 4 September 2015
Chart of the day: Nikkei renews decline

 

The Japanese markets dominate the 'Losers' board.  The benchmark Nikkei 225 shed 2.1% today, and was the only index to renew the decline from the medium-term top during the session.  The fall through last month's low at 17714.3 triggered the opening of a short trade (see hotline for 1 September).  The initial target is the January low near 16600, with the possibility of the October 2014 floor at 14529 after that.  The stop is placed at 20000 for now.

 






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