Japan’s Nikkei share average plunged 4% on Wednesday, its worst session in seven months, mirroring Wall Street’s sharp overnight declines. High-flying technology stocks like SoftBank Group and Advantest led the fall, though analysts suggest it’s a reaction to recent gains rather than a market exit. Nintendo, however, jumped on an improved sales forecast.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.