What are the Australian Stock Market indices in relation to the ASX 200 and Nikkei 225? How should an investor buy or sell Australian stocks? These are some of the questions that might need to answer in relation to these two statistics.
According to stock market analysts, the ASX is currently enjoying one of its best selling weeks ever and all indications are that this trend will continue through the end of the week. The Australian dollar has dropped to a new low of US70.97 cents on Tuesday, which will put upward pressure on the Australian dollar.
The ASX is up approximately 11% over the past month and has hit its highest point in history. According to market analysts, the market is continuing to set new records each day and the momentum will continue through the week as well.
Meanwhile, the Nikkei 225 closed at a new record low of 5,237.7 in Tokyo today and this was the lowest closing for the index since July 2020. As far as Nikkei goes, it is the single biggest Japanese currency index and its strength has been the topic of much speculation within the Japanese stock market and banking sector.
The index is still down over 4% and there is a strong rebound underway. With the US Dollar very weak against the Japanese Yen, the Nikkei has been on a strong rebound.
If the Nikkei reaches a new high, it will then be trading on par with the ASX 200 and if it starts to drop below 1000, it will be the equivalent of the ASX closing at its lowest point. This is why it is important to understand these three statistics before deciding which Australian stock to purchase or sell.
It is important to remember that the ASX is the second largest capital market in the world and is subject to all the same regulations as the NYSE, which is where all the major companies’ stocks are listed. All market players must adhere to the same guidelines.
In order to buy or sell Australian stocks, you need to follow the advice of a stock market analyst and take into account all the