Asian stocks fell on weak Japanese data, U.S.-China jitters hit tech.

The Shanghai composite is down at 0.18%. Overall, the Singapore MSCI is down 0.58% to 281.07. Over in Hong Kong, the Hang Seng Index is down by 1.34% to 18,202.07. In Japan, the Nikkei 225 was down 1.16% to 32,606.84, while the Topix index was down 1.02% to 2,359.02. South Korea’s Kospi down 0.73% to 2,541.75. Australia S&P/ASX 200 is down 0.20% to, 7,156.70.

HANG SENG TECHNICAL OVERVIEW:

Moving Averages:

Exponential:

• MA 5: 18180.69 | Negative Crossover | Bearish
• MA 20: 18338.01 | Negative Crossover | Bearish
• MA 50: 18397.53 | Negative Crossover | Bearish

Simple:

• MA 5: 18238.2 | Negative Crossover | Bearish
• MA 20: 18451.3 | Negative Crossover | Bearish
• MA 50: 18174.8 | Negative Crossover | Bearish
  
  

RSI (Relative Strength Index): 38.21 | Selling Zone | Bearish

Stochastic Oscillator: 0 | Selling Zone | Negative

Resistance And Support Levels :

• R1: 18294 | R2: 18674
• S1: 17926 | S2: 17534

Overall Sentiment: Bearish | Order Type: Sell

Trade Suggestion: Stop Sell: 17855 | Take Profit: 17534 | Stop Loss: 18116.

European stocks declined, dragged lower by chipmakers, and miners.

The DAX futures contract in Germany traded 0.67% lower, CAC 40 futures in France down 0.51% to 7,159.28, and the UK 100 futures contract in the U.K. down 0.34% to 7,416.20.

S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters.

The S&P 500 and Nasdaq declined on Thursday, with Apple being the greatest drag and semiconductor stocks falling due to worry over China’s iPhone restrictions. A decrease in weekly U.S. unemployment claims added to concerns about interest rates and persistent inflation.

Indexes: Dow up 0.08%, S&P 500 down 0.45%, Nasdaq down 1.00%.

Corporate News: Tesla (TSLA) is down 0.17% at 251.49, Apple (AAPL) is down 2.92% at 177.56, and Morgan Stanley (MS) is down 0.38% at 83.84. JPMorgan Chase & Co (JPM) is down 0.86% at 143.72, and Goldman Sachs Group Inc, (GS) is up 0.26% at 321.96.