Nikkei 225 closes lower by 2.13% at 28,930.11

The Nikkei falls to near one-month lows

Nikkei 04-03

A rough day for Asian equities as the decline in US stocks yesterday, as well as US futures today, is keeping risk sentiment in a rough spot at the moment.Invest in yourself. See our forex education hub.

Of note, the Nikkei also closes below a key trendline support and that might see sellers keep the momentum. But a lot will ride on Fed chair Powell’s speech later today.

Elsewhere, the Hang Seng is down 2.4% and the Shanghai Composite down 2.1%. Meanwhile, S&P 500 futures are down 0.5% and Nasdaq futures down 0.8%.

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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