Asian shares were mostly lower Tuesday as fresh worries over the global growth outlook offset relief over an 11th-hour deal to raise the U.S. debt ceiling, with stocks in Tokyo weighed by a strong yen.
"The market originally had three major causes of concern: the spread of European debt problems, talks to raise the U.S. debt ceiling, and the temporary economic slowdown in the U.S. and China. Now, market attention is back on the third factor," said Yumi Nishimura, a senior market analyst at Daiwa Securities in Tokyo.
Local sentiment followed regional markets turned pessimistic with the Intra-day Oscillator sank into the red since opening. The Oscillator ended off low at -380.48; lost 138.35 when compares with its starting point. The Average recorded a loss of 331.31.
At the end of the day, %K(yellow) of MSCD recorded as -151.147 (-32.69), %D(red) -151.28 (-14.41) and the Histogram -9.17 (+2.24). Both indicators hooked slightly down and the Histogram printed another shorter negative bar.
Overall market sentiment hurt by the talk of slower global growth but selling was not intensive. On the contrary, ACE counters seem attract more interest.
"The market originally had three major causes of concern: the spread of European debt problems, talks to raise the U.S. debt ceiling, and the temporary economic slowdown in the U.S. and China. Now, market attention is back on the third factor," said Yumi Nishimura, a senior market analyst at Daiwa Securities in Tokyo.
Local sentiment followed regional markets turned pessimistic with the Intra-day Oscillator sank into the red since opening. The Oscillator ended off low at -380.48; lost 138.35 when compares with its starting point. The Average recorded a loss of 331.31.
At the end of the day, %K(yellow) of MSCD recorded as -151.147 (-32.69), %D(red) -151.28 (-14.41) and the Histogram -9.17 (+2.24). Both indicators hooked slightly down and the Histogram printed another shorter negative bar.
Overall market sentiment hurt by the talk of slower global growth but selling was not intensive. On the contrary, ACE counters seem attract more interest.
Constructed and Written by Smartbiz
(Note: You can read the explanation for Intra-Day MSO and MSCD from the achieves under heading "Labels" at the lower portion of the sidebar.)
No comments:
Post a Comment