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Min Jeong Lee

Nikkei 225 May Drop to 15,700 With Trump as President: Daiwa

The Nikkei 225 could fall to 15,700, or 8% below its 5-week moving average, with Trump as U.S. president, Eiji Kinouchi, chief technical analyst at Daiwa Securities says in a note If U.S. stocks extend declines, the Nikkei 225 could fall to 15,000, or 12% below its 5-week moving average The 15,000 level could serve as solid support for the Nikkei 225 as shares will be trading near a PBR ratio of 1, which was last seen during the lows in Feb. and June Trump’s victory will blur the outlook for U.S