Asia Traders Look for a Time Out as Losses Mount: Taking Stock
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Asian investors hoping for some sort of breather amid the trade war market carnage are dusting off their technical indicators.
A number of signs are emerging in the region’s markets the selloff may be due for a pause, with the MSCI Asia Pacific Index approaching its most oversold level since 2016, according to a relative strength indicator. Equity benchmarks in Japan, Korea and Hong Kong are also at or approaching similar oversold territory using the same indicator.