Asian markets ended mixed also today with Nikkei dropping towards 15000 level and Kospi dropping again after rising in early morning to 232ish. Hangseng was the only which posted very mild gains today. Nikkei was closed at 15050, Kospi at 232.80 and Hangseng at 27027. Asian markets lack direction as to where to go after the mixed session in the US overnight. Furthermore, it is getting nearer to the holiday christmas season too and investors are liquidating their positions.
The Kospi was opened 1t 237.85 and it rose higher to reach its peak at 238.65 within 30 mins of trading. It then went back down and play around 235ish-236ish. I did get a sell at 238.00 and I liquid when it was at 236ish. If I had known Kospi would get towards 232ish, I would wait longer. The Kospi tumbled in the last 1.5 hours of trading, sheding over 300 pts during that period. Kospi moved today between: 232.05-238.65.
Hangseng opened at 27158 and it didn't move much during the 1st session and closed at 27089. 2nd session was interesting too, it opened at 27057 and it rose to its highest at 27233 before going down to 26950, proving my theory and then closed for the day at 27027. Hangseng moved today between: 26950-27233.
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