Nikkei: SBV shock wave causes Tokyo to fall by -1.67%


(Communicated)

(CercleFinance.com) – Weighed down by Wall Street (collapse of SBV Financial) and the banking sector, the Nikkei (-1.67%) put an abrupt end to a series of 5 consecutive upward sessions and suddenly wiped out a just over half of the cumulative gains by falling back towards 28,144, limiting the weekly gain to 0.8%.
The Nikkei falls after having validated the filling of the ‘gap’ of 28.530 (from 09/13/2022): in the event of continuation of the correction, the main objectives are at the level of the ‘gaps’ left gaping at 27.961 Pts on March 3 and 27,617 on March 2.
The main medium term support remains 25.700 from January 4, 2023 then from May 20, June 10, October 3, 2022.

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