Meanwhile, Tokyo stocks have opened 1.42 percent lower following a sharp fall on Wall Street last week. The Nikkei 225 index at the Tokyo Stock Exchange was down 128.16 points at 8,874.52 at the start of trade.
United States markets sank, with the Nasdaq pulled down two percent by a tech stock rout led by Apple and Microsoft as a series of disappointing earnings and trimmed forecasts spooked investors.
The Dow Jones Industrial Average finished down 1.52 percent at 13,343.51 while the tech-heavy Nasdaq Composite gave up 2.19 percent at 3,005.62.
Shortly before the Tokyo opening, official data showed Japan logged a $US7 billion ($A6.82 billion) trade deficit in September amid a global slowdown and the fallout from a bitter territorial spat with China.
Dow Jones Recommended Levels for oct 22, 2012
Today's support: - 13368.14 (main), where a delay and correction may happen. After that 13353.64. Break of the latter will give 13339.20, where correction also can be. Then follows 13316.28. Be there a strong impulse, we shall see 13290.11. Continuation will bring 13262.70.
Today's resistance: - 13416.26, 13466.28 and 13502.77 (main), where a delay and correction may happen. Break would bring 13539.90, where a correction may happen. Then follows 13567.50, where a delay and correction could also be. Be there a strong impulse, we'd see 13603.10. Continuation would bring 13640.63 and 13666.72.
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