blog

Latest from the Quantamize Blog

Asian Stocks Continue to Slide Amid Disappointing Corporate Earnings and Fears Of Slowing Economic Growth In China

Aug 16, 2018

Start Your Free Trial Today

Data in Price Return, Source: Stockdio

Japanese Market

  • Japanese stocks closed lower as a rally in financial equities lifted markets higher, but were outpaced by declines in energy and materials stocks
  • The Nikkei 225 finished down 0.05% and the Topix closed down 0.64%
  • Banks (+0.68%), Securities & Commodity Futures (+0.54%), and Electronic Power & Gas (+0.52%) stocks were the top performers among Japanese stocks today
  • Oil & Coal Products (-3.01%), Nonferrous Metals (-1.67%), and Chemicals (-1.44%) stocks were the worst performers among Japanese stocks today
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.65x
  • 11 stocks in the Nikkei 225 hit 4-week highs while 48 stocks reached 4-week lows
  • 2 stocks in the Nikkei 225 closed overbought while 17 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 110.84
  • Japan 2-Year Government Bonds are higher with yields down -0.7 basis points to -0.118%
  • Japan 10-Year Government Bonds are lower with yields up 0.1 basis points to 0.102%
  • JGBs 2s-10s Spread has widened 0.8 basis points to 0.22%

Chinese Market

  • Chinese stocks finished lower as positive reports of renewed US-China trade negotiations were outweighed by disappointing corporate earnings and continued concerns about China's potential economic slowdown, which were exacerbated by Y/Y declines in fixed capital investment.
  • The Hang Seng closed down 0.82%, Hang Seng China Enterprise declined 0.53%, and the CSI 300 retreated 0.46%
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.61x
  • 2 stocks in the Hang Seng hit 4-week highs while 20 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 8 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8496
  • CNY¥ is currently down 0.575% against the USD$ to 6.8949
  • China RMB 2-Year Government Bonds are higher with yields down -10.8 basis points to 2.87%
  • China RMB 10-Year Government Bonds are lower with yields up 1.8 basis points to 3.61%
  • China Government RMB 2s-10s Spread has widened 12.6 basis points to 0.74%

Indian Market

  • Indian stocks closed down as a strong USD$ is viewed as an impediment to future earnings growth for Indian corporates
  • The Sensex finished down 0.5% and the Nifty 50 closed lower by 0.44%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.72x
  • 5 stocks in the Sensex hit 4-week highs while 2 stocks reached 4-week lows
  • 2 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.374% against the USD$ to 70.1575
  • India 2-Year Government Bonds are lower with yields up 5.9 basis points to 7.561%
  • India 10-Year Government Bonds are lower with yields up 4.3 basis points to 7.861%
  • India Government 2s-10s Spread has narrowed 5.526 basis points to 0.3%

Australian Market

  • Aussie stocks finished their trading sessions little changed as weakness in materials and mining stocks offset strong earnings results from financial and tech stocks
  • ASX 200 finished down 0.82%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.77x
  • 44 stocks in the ASX 200 hit 4-week highs while 25 stocks reached 4-week lows
  • 15 stocks in the ASX 200 closed overbought while 8 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.373% against the USD$ to 0.7266
  • Aussie 2-Year Government Bonds are higher with yields down -0.2 basis points to 1.992%
  • Australia 10-Year Government Bonds are higher with yields down -2.3 basis points to 2.556%
  • Aussie Government 2s-10s Spread has narrowed 0.573 basis points to 0.56%

Nikkei 225 Movers

In local currency.

On Mobile/Tablet scroll to the right

Outperformers Sector Price 1D% CHG Volume
COMSYS Holdings Corp Industrials 2984 2.40%      1,267,500.00
Amada Holdings Co Ltd Industrials 1164 2.37%      2,649,900.00
Matsui Securities Co Ltd Financials 1148 2.14%      1,601,100.00
Fast Retailing Co Ltd Consumer Discretionary 49270 2.14%          964,100.00
Kansai Electric Power Co Inc/The Utilities 1568 2.05%      3,633,700.00
Underperformers Sector Price 1D% CHG Volume
Pacific Metals Co Ltd Materials 3690 -6.82%          677,000.00
Shiseido Co Ltd Consumer Staples 7135 -5.35%      5,573,400.00
JXTG Holdings Inc Energy 749.1 -4.67%    20,179,200.00
Mitsui Mining & Smelting Co Ltd Materials 3285 -4.51%      1,537,000.00
Showa Denko KK Materials 4865 -4.04%      4,632,800.00

Hang Seng Movers

In local currency.

On Mobile/Tablet scroll to the right

Outperformers Sector Price 1D% CHG Volume
Country Garden Holdings Co Ltd Real Estate 11.24 2.93% #N/A
Sands China Ltd Consumer Discretionary 36.7 2.66%      17,655,495.00
Hengan International Group Co Ltd Consumer Staples 66 2.17%         4,248,944.00
China Mengniu Dairy Co Ltd Consumer Staples 21.9 1.63%      25,308,396.00
China Mobile Ltd Telecommunication Services 72.5 1.54%      33,195,831.00
Underperformers Sector Price 1D% CHG Volume
WH Group Ltd Consumer Staples #N/A -7.46% #N/A
Tencent Holdings Ltd Information Technology 326 -3.04%      69,247,130.00
CNOOC Ltd Energy 12 -2.28%      67,566,038.00
AIA Group Ltd Financials 65.6 -1.94%      24,241,080.00
China Petroleum & Chemical Corp Energy 7.19 -1.91%    131,308,726.00

Sensex Movers

In local currency.

On Mobile/Tablet scroll to the right

Outperformers Sector Price 1D% CHG Volume
Sun Pharmaceutical Industries Ltd Health Care 619.6 2.98%        213,552.00
Bharti Airtel Ltd Telecommunications 372.05 1.51%        176,699.00
Infosys Ltd Information Technology 1425.3 1.17%    1,581,820.00
Tata Motors Ltd Consumer Discretionary 251.15 0.99%        743,398.00
Axis Bank Ltd Financials 623.85 0.90%        960,464.00

ASX 200 Movers

In local currency.

On Mobile/Tablet scroll to the right

Outperformers Sector Price 1D% CHG Volume
Breville Group Ltd Consumer Discretionary 13.1 12.54%          723,301.00
Domino's Pizza Enterprises Ltd Consumer Discretionary 56 7.71%      1,468,574.00
QBE Insurance Group Ltd Financials 10.89 6.76%    23,284,506.00
Bellamy's Australia Ltd Consumer Staples 9.71 6.70%      2,406,981.00
Telstra Corp Ltd Telecommunication Services 3.06 5.88%    78,744,408.00
Underperformers Sector Price 1D% CHG Volume
InvoCare Ltd Consumer Discretionary 13.14 -8.75%      2,696,262.00
Iluka Resources Ltd Materials 9.75 -7.67%      6,190,930.00
Mineral Resources Ltd Materials 13.85 -7.48%      3,653,613.00
Origin Energy Ltd Energy 9.09 -6.39%    20,064,154.00
Beach Energy Ltd Energy 1.86 -4.86%    13,386,776.00