The Nikkei futures last traded in Chicago on Friday at 10,005.
"The Nikkei may trade between 9500-10,000 for the coming days, with an immediate support level seen at its 200-day moving average of 9840," said Nomura's Iwasawa. The Nikkei fell 8 percent in the first five days after the 1995 earthquake that devastated Kobe and its vicinity. But it rose 5 percent during the next 10 days, therefore history suggests that this earthquake will not likely derail the whole economy."
"The Nikkei may trade between 9500-10,000 for the coming days, with an immediate support level seen at its 200-day moving average of 9840," said Nomura's Iwasawa. The Nikkei fell 8 percent in the first five days after the 1995 earthquake that devastated Kobe and its vicinity. But it rose 5 percent during the next 10 days, therefore history suggests that this earthquake will not likely derail the whole economy."
