The Nikkei index sheds 100.06 points (-0.35%) as market bears take the reigns

Published: November 25 2022, 12:11 GMT+0

The Nikkei index sheds 100.06 points (-0.35%) as market bears take the reigns

A quick look at today: the Nikkei slid down from 28,383 to 28,283, taking a 100.06 points loss (0.35%)

While price action maintains a negative bias, Japan Tokyo Core CPI (YoY) (Nov) came out at 3.6, while a consensus of analysts was expecting 3.5. Japan CPI Tokyo Ex Food and Energy (MoM) (Nov) released yesterday at 23:30 UTC with a figure of 0.2, while the previous figure was 0.2. Japan Services PMI released yesterday at 00:30 UTC with a figure of 50, while the previous figure was 53.2.

Positive performances can be seen by looking at other markets as Nasdaq is trading around 11,300 after ending today's session at 11,174 (up 0.99% today). S&P 500 is trading around 4,027.26 after ending today's session at 4,003.58 (up 0.59% today). FTSE added 0.26% and closed around 7,466.6 today.

Furthermore, Japan CFTC JPY speculative net positions is scheduled for today at 19:30 UTC.

The index has been trending positively for about a month. The Nikkei hit a significant low of 15.42 around 2 months ago, but has since recovered 183,967%.

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