Nikkei Futures Opening Update as on 25 June 2018

The Nikkei 225 Future is trading at 22,270.00 with a loss of  -0.13% percent or  -30.00 point . The NSE Nifty Future is trading at 10,788.30 with a loss of  -0.42% percent or -45.65 point. The Hang Seng Future is trading at 28,967.00 with a loss of – 1.25% percent or -368.00 point.

TODAY’S FACTORS AND EVENTS

Trading weakened as the morning progressed in Asia, with stock indexes hitting session lows as trade and other uncertainty continue to keep buyers on the sidelines. Many benchmarks were off about 0.5%, with Taiwan’s TaiexY9999, -1.04% the worst at 0.8%.

Chinese equities maintained their early gains, extending a rebound that started Friday. The Shanghai Composite SHCOMP, -1.05% was up 0.2%, while smaller caps saw bigger gains as the Shenzhen Composite 399106, -0.63% rose 0.6%. Perhaps helping sentiment some was the Peoples’s Bank of China’s latest cut to banks’ reserve-requirement ratios. But the move was anticipated, and some were expecting a reduction larger than the half-point one which will become effective next week. Some 80% of the Chinese banking system’s funding will be supported by the cut, Bocom estimates.

  
 For the day Nikkei 225 is trading at 22,338.15  with a loss of -0.79% percent or -178.68 point.the nifty closed at 10,793.85 with  a loss of -0.25% percent or -27.25 point. Hong Kong’s Hang Seng is trading at 28,961.39   with a loss of  -1.29% percent or -377.31 point.

WORLD MARKETS

For the day the Dow is trading at 24,580.89 up with +0.49% percent or  +119.19 point. The S&P 500 is trading at 2,754.88 up with +0.19% percent or  +5.12 point. The Nasdaq Composite is trading at 7,692.82 with a loss of -0.26% percent or -20.14 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,338.15 with a loss of  -0.79% percent or -178.68 point. Hong Kong’s Hang Seng is trading at 28,930.77 with a loss of -1.39% percent or -407.93 point. China’s Shanghai Composite is trading at 2,859.34 with a loss of  -1.05% percent or  -30.42  point. India’s BSE Sensex is trading at 35,592.31 with a loss of  -0.27% percent or -97.29 point at 12:15 PM.

Updates

updates@nikkeifutures.org

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