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Asian Stocks Mixed As New Round of Reciprocal Tariffs Imposed By the US and China

Aug 23, 2018

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*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Japanese Market

  • Japanese stocks ended trading mixed today, with Japan's manufacturing PMI data for August being relatively in-line with results from July (52.5 vs 52.3 prior)
  • The Nikkei 225 finished up 0.22% and the Topix closed down 0.01%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.8x
  • 17 stocks in the Nikkei 225 hit 4-week highs while 14 stocks reached 4-week lows
  • 6 stocks in the Nikkei 225 closed overbought while 4 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently up 0.208% against the USD$ to 110.79
  • Japan 2-Year Government Bonds are flat with yields little changed 0 basis points to -0.116%
  • Japan 10-Year Government Bonds are lower with yields up 0.1 basis points to 0.1%
  • JGBs 2s-10s Spread has widened 0.1 basis points to 0.22%

Chinese Market

  • Hong Kong stocks fell, while Mainland China stocks rose, as investor focus was centered on the US' decision to impose an additional round of tariffs on Chinese exports, representing USD$16bn in trade
  • The Hang Seng closed down 0.49%, Hang Seng China Enterprise declined 0.33%, and the CSI 300 rose 0.36%
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.28x
  • 1 stock in the Hang Seng hit 4-week highs while 5 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.85
  • CNY¥ is currently up 0.466% against the USD$ to 6.8737
  • 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 higher with yields down -2.3 basis points to 3.616%
  • China Government RMB 2s-10s Spread has widened 8.5 basis points to 0.75%

Indian Market

  • Indian stocks made new all-time highs as Indian companies are signaling that they can continue to pass on higher costs which implies that there continues to be the potential for continued earnings growth  
  • The Sensex finished up 0.13% and the Nifty 50 closed higher by 0.1%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.82x
  • 11 stocks in the Sensex hit 4-week highs while 0 stocks reached 4-week lows
  • 5 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.415% against the USD$ to 70.115
  • India 2-Year Government Bonds are lower with yields up 1.4 basis points to 7.586%
  • India 10-Year Government Bonds are lower with yields up 5.1 basis points to 7.879%
  • India Government 2s-10s Spread has widened 0.985 basis points to 0.29%

Australian Market

  • Aussie stocks closed down as mounting pressure on Prime Minister Malcom Turnbull’s government has led to a leadership vote among the Liberal Party on Friday  
  • ASX 200 finished down 0.34%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.9x
  • 34 stocks in the ASX 200 hit 4-week highs while 25 stocks reached 4-week lows
  • 23 stocks in the ASX 200 closed overbought while 12 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently down 0.762% against the USD$ to 0.7292
  • Aussie 2-Year Government Bonds are higher with yields down -2.1 basis points to 1.98%
  • Australia 10-Year Government Bonds are higher with yields down -0.9 basis points to 2.531%
  • Aussie Government 2s-10s Spread has widened 2.862 basis points to 0.55%

Nikkei 225 Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
Tokai Carbon Co Ltd Materials 1959 2.89%      9,559,000.00
Credit Saison Co Ltd Financials 1857 2.82%      1,242,900.00
Fast Retailing Co Ltd Consumer Discretionary 51100 2.75%          749,200.00
KDDI Corp Telecommunication Services 2971 2.54%      9,501,700.00
Yamato Holdings Co Ltd Industrials 3389 2.51%      1,485,200.00
Underperformers Sector Price 1D% CHG Volume
Suzuki Motor Corp Consumer Discretionary 7274 -4.78%      4,581,100.00
Mitsui Mining & Smelting Co Ltd Materials 3100 -3.88%      1,375,300.00
JGC Corp Industrials 2105 -3.17%      1,522,300.00
Kawasaki Kisen Kaisha Ltd Industrials 1951 -3.03%          522,900.00
Pacific Metals Co Ltd Materials 3850 -2.90%          200,600.00

Hang Seng Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
CSPC Pharmaceutical Group Ltd Health Care 19.9 3.43%      32,132,829.00
Hengan International Group Co Ltd Consumer Staples 66.9 2.29%         6,369,876.00
China Mengniu Dairy Co Ltd Consumer Staples 22.7 2.02%      16,034,380.00
Ping An Insurance Group Co of China Ltd Financials 74.1 1.79%      72,409,881.00
WH Group Ltd Consumer Staples 6.13 1.66%      72,952,564.00
Underperformers Sector Price 1D% CHG Volume
AAC Technologies Holdings Inc Information Technology 84.7 -4.19%      13,001,142.00
China Resources Land Ltd Real Estate 27.8 -3.30%      20,795,423.00
China Merchants Port Holdings Co Ltd Industrials 15.6 -2.38%         4,042,030.00
CK Hutchison Holdings Ltd Industrials 87.9 -2.33%         5,511,655.00
CK Asset Holdings Ltd Real Estate 54.6 -2.24%         6,787,525.00

Sensex Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
Larsen & Toubro Ltd Industrials 1352.5 2.30%        105,946.00
NTPC Ltd Utilities 164.5 2.05%          84,301.00
Reliance Industries Ltd Energy 1269.7 1.86%        278,816.00
Adani Ports & Special Economic Zone Ltd Industrials 383.8 1.68%        135,051.00
Power Grid Corp of India Ltd Utilities 190 1.47%        111,432.00
Underperformers Sector Price 1D% CHG Volume
Tata Motors Ltd Consumer Discretionary 257.4 -4.33%        743,398.00
Tata Motors Ltd Consumer Discretionary 140.35 -2.97%        176,569.00
Vedanta Ltd Materials 214.8 -2.01%    1,019,151.00
Tata Steel Ltd Materials 571.5 -1.85%        504,491.00
Bajaj Auto Ltd Consumer Discretionary 2685.95 -1.53%          28,503.00

ASX 200 Movers

In local currency.
On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
WiseTech Global Ltd Information Technology 23.73 19.25%      3,537,470.00
Webjet Ltd Consumer Discretionary 17.12 18.23%      2,741,975.00
SmartGroup Corp Ltd Industrials 12.83 12.94%      1,254,716.00
Appen Ltd Information Technology 14.44 12.29%      1,764,483.00
Santos Ltd Energy 6.98 11.32%    30,746,683.00
Underperformers Sector Price 1D% CHG Volume
Flight Centre Travel Group Ltd Consumer Discretionary 61.68 -8.10%      1,166,212.00
APA Group Utilities 9.33 -7.99%      4,642,631.00
carsales.com Ltd Information Technology 15.05 -7.38%      2,628,080.00
ARB Corp Ltd Consumer Discretionary 19.85 -7.24%          504,828.00
Primary Health Care Ltd Health Care 2.72 -4.90%      8,835,557.00